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Let’s start by comparing numbers.
When? Kovid Five years ago, India killed, less than 4 million unique demeat. Even if one-fourth of these account holders were in the same family, then we can say that there were 3 crore families who could invest in shares-about 10 percent of Indian homes.
Along with this, there are more than 5 crore unique investors mutual funds, Which are indirectly invested in markets. Even accounting for overlap with DEMAT account holders, it is safe to say that 26-27 percent of Indian families are in touch with stock markets today.
This is a large number of numbers that 56 percent of Indians need free food to survive, and there is no real financial savings to keep most families away as investment.
This is the reason that the current stock market collapse affects more Indian homes than any market recession in the past.
In March 2020, in addition to the small, sharp, covid-inspired accident, the last time we saw a major improvement in the Indian stock markets, in 2015-16. Subsequently, the Nifty 50, India’s hottest track index, fell gradually and banged by about 25 percent in 11 months.
This time, Smell Within just five months, it has already done 16 percent ‘correct’ than its September top. For reference, the decline of the above 2015-16 saw a decline of 16 percent in the first five months.
