Radhika Gupta, Managing Director and Chief Executive Officer of Edelweiss Mutual Fund, regularly takes to social media to share financial tips. This time, she took to X (formerly Twitter) to express her thoughts on how today's young people are funding luxurious lifestyles by making risky investments. "I have seen people in their 20s saying they don't need to work, because they are busy doing F&O.
Young women who say their lifestyle and handbags are funded by trading gains," she wrote. In her post, Ms Gupta also shared a screenshot of the Economic Survey 2023-24, saying, "The Economic Survey highlights this in some very strong language. Other regulators have also rightly and repeatedly warned us about this.
" She claimed that since this type of liquidity is hazardous for individuals as well as the economy, it is finally time for action to be taken. Take a look at the post below: According to the survey, there has been a notable surge in the activity of retail investors in India's capital markets. On the National Stock Exchange, there are now 9.
2 crore unique tax IDs as of FY24, up from 2.7 crore in FY19. This surge includes many young investors, with many of them jumping into derivatives trading, especially on expiration days, the survey noted.
"Derivatives training holds the potential for outsized gains. Thus, it caters to humans' gambling instincts and can augment income if profitable," the Economic Survey read. It further highlights that although derivatives can give high re.