Ventura: Partners in Financial Inclusion

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Financial inclusion is a buzzword.

According to the World Bank, Financial inclusion means individuals and businesses have access to useful and affordable financial products and services that meet their needs – transactions, payments, savings, credit and insurance – delivered in a responsible and sustainable way.

The Government’s Aadhaar initiative, with its biometric identification, and Jan Dhan Yojana laid the foundation for India’s financial inclusion drive a few years ago. Now, its success is wafting to all corners of the world, thanks to the growing popularity of Unified Payment Interface (UPI) and RuPay, which have started challenging global names in the digital payments space.

According to the National Payments Corporation of India, the volume of UPI transactions grew by leaps and bounds to 482.3 million in October 2018 from 30 million in September 2017.

So is the case with the popularity of Jan Dhan accounts.

From nearly 77% in 2014, zero balance Jan Dhan accounts dropped to 20% in 2018, thanks to the demonetisation drive, in no small measure. All in all, a majority of Jan Dhan account holders have finally started using their bank accounts.

With 32 crore Jan Dhan accounts, more than 80% of Indian households have a bank account now, taking financial inclusion to a whole new level. Going digital became the name of the game, so much so that suddenly every company worth its name acquired a chief digital officer on its payroll.

But did you know, despite all this success, India has only:

  • About 9.6 crore loan accounts
  • 34.4 crore life insurance accounts
  • 8 crore mutual fund accounts out of which just 2.5 crores are SIP accounts
  • 3.34 crore demat accounts
  • And 88 lakh active demat accounts

The financial inclusion glass remains half full.

We at Ventura believe in picking up some pebbles from our resource mines and dropping them into the glass of financial inclusion, incessantly.  We don’t restrict ourselves to techno-savvy metro markets. Nor do we make discount brokerage our USP.

We believe in delivering financial solutions across the country, using user-friendly technology platforms, to empower investors to achieve their dreams.

We have been reaching out to people in far-flung towns and villages and bringing them on board to ride the next wave of financial inclusion through a bouquet of investment opportunities delivered to their doorstep.

Our online platforms, which are available on both desktop / laptop and mobiles, help India to seamlessly invest, study and trade in the Indian capital markets.

Be it direct equity, mutual funds, currency & commodity markets, fixed income instruments, like bonds and FDs or the like, we are happy to help advise and execute investments for our clients through these channels.

We reach out to people in approximately 80% of towns across India, including the armed forces, teachers in schools colleges, retired people from all walks of life and even local entrepreneurs and professionals, amongst others.

At another level of inclusion, we are forging partnerships with those who wish to further our mission to make investing a household habit, while augmenting their incomes too, through our Ventura Partner Program.

All because we strongly believe in our by-line Kyon ki bhaiya, sabse bada rupaiya!

Disclaimer:

We, Ventura Securities Ltd, (SEBI Registration Number INH000001634) its Analysts & Associates with regard to blog article hereby solemnly declare & disclose that:

We do not have any financial interest of any nature in the company.

We do not individually or collectively hold 1% or more of the securities of the company.

We do not have any other material conflict of interest in the company.

We do not act as a market maker in securities of the company.

We do not have any directorships or other material relationships with the company.

We do not have any personal interests in the securities of the company.

We do not have any past significant relationships with the company such as Investment Banking or other advisory assignments or intermediary relationships.

We are not responsible for the risk associated with the investment/disinvestment decision made on the basis of this blog article.

 

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