Section

Fractional investing: Millennials turning to new-age investment instrument

By Business Standard - 7 months ago
The alternative investment space has caught the fancy of young investors, with millennials dominating 60 per cent of investors' base into fractional investments, according to a report by Grip Invest, a digital investment platform. They are increasingly looking towards fractional asset investing in a bid to diversify their investment portfolios. In its report titled 'Gripping the Boom: Millennial in Fractional Investing', Grip Invest revealed that two-third of all investors on its platform are millennials. At present, Grip Invest has more than 26,000 investors, who have used the platform at least once. The report focuses on the transformative power of fractionalisation, a 150-year-old investing concept re-imagined for the digital age. Fractional investing allows a person to own a fraction or a share of an asset. Going by the report, 60 per cent of all orders made are from investors under 40 years of age bracket. Notably, investors as young as 21 years are choosing fractional high-y

Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.