2 weeks ago
Gen Z, Tier 2/3 Cities Drive Market Growth with Conviction
A company called Axis Direct helps people buy and sell stocks and other investments.
It made a report about who was investing their money during the first half of 2026.
The report found that half of the investors were Gen Z — the younger generation, like students and young adults.
The next biggest group was Millennials, who made up 35 out of every 100 investors.
Many of the new investors came from smaller cities, not just the big ones, showing investing is spreading everywhere.
Women are also investing more — 27 out of every 100 new investors were women, and about half of them were young Gen Z women.
Most people now use their phones to invest, with 6 out of 10 investors trading on mobile apps.
People usually saved small amounts each month, around 3,000 to 4,000 rupees.
The report showed investors staying calm when the market went up and down, and even buying more when prices dropped.
That means investing is becoming easier and more popular for many different kinds of people.
Gen Z accounted for 50% of the investor base in H1 CY2026, followed by Millennials at 35%, according to Axis Direct's investor insights.
50% of new investor acquisitions came from Tier 2 and Tier 3 cities, widening retail participation beyond major metros.
Women made up 27% of new investors, with roughly half of them belonging to Gen Z.
76% of investors traded online and 60% used mobile applications, while mobile trading rose 20% year-on-year.
Banks, finance and information technology were the top three sectors for retail trading activity, and investors showed higher conviction by staying invested through market fluctuations.
- Who
- Gen Z investors, who made up 50% of the investor base, followed by Millennials at 35%; women accounted for 27% of new investor acquisitions, about half of them Gen Z.
- What
- Axis Direct's H1 CY2026 investor insights found retail investing shifting toward younger, mobile-first investors, with growing participation from Tier 2/3 cities and women and more conviction-led behaviour.
- Where
- India, with 50% of new investor acquisitions coming from Tier 2 and Tier 3 (non-metro) cities.
- When
- First half of calendar year 2026 (H1 CY2026).
- Why
- A rising preference for app-based, self-directed digital trading, alongside investors staying invested through fluctuations and accumulating assets during corrections.
Key facts
- Report
- Axis Direct H1 CY2026 investor insights
- Gen Z share of investors
- 50%
- Millennial share of investors
- 35%
- Investors trading online
- 76%
- Investors trading via mobile apps
- 60% (up 20% year-on-year)
- New acquisitions from Tier 2/3 cities
- 50%
- Women among new investors
- 27%
- Average investment amounts
- Monthly SIP ₹3,000–₹4,000; lump sum ₹90,000–₹1 lakh









