But, in terms of turnover , they too accounted for a mere 0.5% of total turnover or ₹7,450 crore. Their combined share as a percentage of total turnover was a mere 3.1%. But, at ₹11.06 trillion, they accounted for 74.6% of the total turnover of ₹14.82 trillion, the data showed. “The numbers indicate a growing presence of small, middle-class investors post the pandemic," said Alok Churiwala, managing director, Churiwala Securities. Sudhir Joshi, executive director, Khambatta Securities, said the smaller investments reflected the “lack of experience" of small investors who trade small quantities of shares via SIPs through mutual funds or brokerage houses.

Source: Punch December 25, 2023 18:33 UTC