INCOME TAX29 Sept 2026
Beyond metros: Tier 2 and 3 cities, women and young investors to drive India’s next wealth wave, says EY report | Mint
An EY India report says over 100 million Indians could start long-term investing by 2035. Growth will come from Tier-2 and Tier-3 city households, women, young professionals and Gen Z, not just metros. Smaller cities already hold 12% of mutual fund assets. If you're a salaried taxpayer or business owner, start a small monthly SIP (Systematic Investment Plan) only after checking your goals.
Key Statutory Highlights
- The EY India report says more than 100 million Indians could join long-term investing by 2035.
- Cities outside India's top 110 cities currently contribute 12% of mutual fund assets under management.
- Investors below the age of 30 accounted for 38% of the investor base in June 2026, compared with 23% in FY19.
Actionable Advice for Taxpayers / Founders:Before starting any investment, check your monthly surplus, goals and emergency savings first. If you do begin, keep it small and steady through a registered intermediary, and treat this report as a trend to watch, not a promise of returns.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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