Online investing is the way forwardInvesting online, or self-directed investing, is fast becoming the norm. It is secure and convenient.Author : iFast Content TeamOnline investing is only going to move one way: Up.Just last month, a survey conducted by BMO in Canada revealed that the number of onlineinvestors could more than triple within the next decade. It stated that 81% of Canadiansbetween the ages of 18 and 34 say they expect to purchase, sell, manage and monitor theirinvestments online by 2018. The survey stated that currently almost 20% of Canadians investonline.That situation is not unique to Canada. Investors all over the world are moving in that direction.In India too, the situation is similar.In a Special Report in the Times of India titled E-route safe for informed investors, noted thatthe mutual fund industry recorded a growth of over 150% in the last six years. The total assetsunder management (AUM) of the industry rose by 23% in 2012-13, with investments throughdigital channels outpacing the growth of the overall industry. A critical factor that has drivenonline investments has been online funds platforms which equip self-directed investors;commonly referred to as Do-It-Yourself (DIY) investors.Another piece in the report titled Online investment is the way forward, mentions how laptops,tablets and mobile handsets are replacing desk tops and increasing number of users depend onthe social media as their primary source of information.As the internet becomes a growing part of everyone’s daily lives, it is obvious that individualswill get more comfortable conducting their investments by this route too. The convenience justcannot be matched. Online investing offers investors more control over their portfolios with thecapability of monitoring their investments at any time on any day.At the start of the year, the Securities and Exchange Board of India (SEBI), in a circular to stockexchanges and clearing houses, proposed the use of online-trading technology for all debtinstruments, including corporate bonds, government securities and securitised debtinstruments. Last month, the National Stock Exchange launched online trading of domesticcorporate bonds. The Bombay Stock Exchange and Multi Commodity Exchange of India shouldfollow soon.Conducting your financial transactions online is the direction investors all over the world aregravitating towards.With over 3,500 schemes from 41 asset management companies and 47 banks on ourplatform, we give you the convenience of buying and selling mutual funds online. Clickhere to see the numerous benefits we offer investors at Fundsupermart.comAt no cost to you, the Fundsupermart Mobile Application helps you take charge of yourportfolio with up-to-date information at your fingertipsTo buy and sell mutual funds online, click here.
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