The rise of smartphone-wielding investor: The clan has grown 47% in a year

Investor base transacting through mobile grows 47% in FY17; turnover via mobile-based apps double

Smartphone users are looking beyond clothes and electronics when they buy on their devices — they are increasingly using these to purchase stocks.

The investor base transacting on mobile phones jumped 47 per cent to 880,000 at the end of March, compared to 600,000 a year ago, data provided by the National Stock Exchange (NSE) showed. The total number of new investors added this year (FY17) was 1.8 million.

“From a growth perspective, mobile trading has seen a huge traction. It is not just about transacting. Investors are increasingly using their smartphones to access a lot of information on the