India’s fastest growing investment platform – Groww , concluded its 50th financial education, Ab India Karega Invest in Jaipur. This edition of Ab India Karega Invest was one of the biggest events from the multi-city campaign organised by Groww and witnessed over 2000 attendees from Jaipur’s retail investor community.
Started in 2020, Ab India Karega Invest aims to make personal finance and investing
simple for Indians from all over the country. In the program, the participants are introduced to financial planning and are educated about various investment avenues. Queries of individual retail investors are resolved through sessions delivered by investment experts.
Groww targets tier II and III markets that showcase a high potential for retail investor
participation and growth, thereby creating a broader ecosystem, nationally. Since its launch, Groww has covered more than 50 cities through this initiative. Every year, Groww aims to conduct Ab India Karega Invest in 100 cities across the country, impacting 10 crore Indians, across tier II and III markets.
Founded in 2016, Groww is India’s fastest growing investment platform offering mutual funds, stocks, and fixed deposits. Since the launch of its stock investing platform in June 2020, Groww has opened over 1.1 crore Demat accounts. In the last one year, Groww has opened more demat accounts and more new SIPs than every other investment platform in India.
Groww has witnessed significant interest from young investors from Rajasthan and currently the state contributes over 4 lakh investors to Groww’s user base. This number is expected to grow to 40 lakh by 2030 as financial literacy and awareness among investors from Rajasthan increases. Interestingly, 67% of investors on Groww’s platform from Rajasthan are under 30 years of age. The average age of an investor from Rajasthan is 29 years.
Harsh Jain, Co-founder & COO, Groww, said, “We witnessed a tremendous response for the ‘Ab India Karega Invest’ event in Jaipur, and were delighted to connect with 2,000+ retail investors from the city. For Groww, Jaipur is one of the leading markets in Rajasthan with a strong base of working professionals, entrepreneurs and students. We have witnessed consistent growth in our user base in this market, as an increasing number of young professionals now realise the importance of investing for a secure financial future. Through the initiative, we had the opportunity to educate the audience on the importance of financial planning and opportunities for wealth creation. Given the strong turnout in Jaipur, we are confident that the city’s investor participation will only increase from here on. We hope that
our audience found the session insightful, and their enthusiasm has further encouraged us to continue our mission to empower India’s retail investors with the right knowledge and tools to maximise their wealth.”