New wolves of D-Street: Cheap data, millennials push up mobile trading

Easy onboarding, according to experts, is the most significant factor responsible for the rise in mobile trading

The Covid-19 pandemic has powered a revolution in investing as an army of millennials and Gen Zers, driven by quarantine boredom, signed up to trading applications (apps) and ploughed their money into stocks or cryptocurrencies.

The proportion of the cash market turnover attributable to mobile phones has jumped from 6.9 per cent in December 2019 to 19.06 per cent in December 2021, according to the BSE data. The share of mobile trading on the National Stock Exchange is at 23 per cent.

Higher smartphone penetration, lower data charges, and more millennials and GenZ investors becoming active traders are powering this trend.

Easy onboarding,