You are here: Home » Markets » News
Business Standard
Web Exclusive

Discount broking industry is getting overcrowded: Prakarsh Gagdani, 5paisa

Almost 75-80 per cent of our customers are under 35 years in age, largely first-time investors and come from tier-2 and tier-3 cities, he said.

Topics
Discount broking | 5paisa Capital | Markets F&O

Puneet Wadhwa  |  New Delhi 

Prakash Gagdani, CEO, 5paisa.com

Retail investors have been a dominant force in the market, as evidenced by the growing number of demat accounts over the past few months. PRAKARSH GAGDANI, chief executive officer, 5paisa.com – one of the first and the largest firms in the country – tells Puneet Wadhwa in an interview that this is the first time that the retail participation has been pushed to 65-70 per cent of the exchange turnover, helped by a sustained 15-month rally in stocks and flurry of good quality IPOs. Edited excerpts:

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Thu, July 22 2021. 10:19 IST
RECOMMENDED FOR YOU
.