New Delhi, Aug. 20 -- Axis Direct data shows a dramatic surge in Gen Z investors nationwide. Investors aged 18-30 now comprise 53% of new customer additions. This represents significant growth compared to just 35% back in FY22.

The 18-24 age bracket showed particularly striking growth, nearly 7 times higher. Consequently, the average age of new customers fell considerably. It dropped from 37 years in FY22 to 33 years.

This shift extends notably beyond India's traditional major metropolitan areas. Around 60% of young investors now come from Tier-2 cities, the report says. This compares to only 40% originating from major metropolitan hubs.

While cities like Mumbai and Delhi remain important investor centres, smaller cities are witnessing...