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New Delhi, March 19 With entry of new age brokers using technology, client addition has seen strong 67 per cent YoY jump, including substantial proportion of new to market customers from Tier-2 and below regions, and also new investors looking for supplementary income in lockdown.ICICI Direct said, in a research note, that digitalisation, mobile trading apps and relative underperformance of mutual funds has indirectly attracted interest in direct investment in capital markets.Recent data, based on city wise distribution of turnover in cash segment in BSE and NSE, suggest increasing pie of Tier-2 and below cities in past two years. In BSE, contribution of Tier-2 and below cities in cash turnover has increased from 30 per cent in FY18 to 40 per cent in FY20 while in NSE, it has risen from 14 per cent to 17 per cent.Though there is no direct aggregate data available on number of customers region wise, but management commentary of various brokerage houses suggests that investors interest among other regions in India has been increasing; specially among young population with broad age group in 25-35 years. Also a majority of new client addition has been coming from Tier-2 and Tier-3 cities, the report said.The report said that ADTO( With inputs from IANS )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

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Business :Brokerage clients jump 67% as small towns go big on equity

New Delhi, March 19 With entry of new age brokers using technology, client addition has seen strong 67 per ... ...