Upstox sees 13% growth in clients from TS, AP

Hyderabad City-based investment platform,Upstox (also known as RKSV Securities India Pvt Ltd) said in Andhra Pradesh and Telangana, Upstox recorded over 13 per cent growth in UCCs (Unique Client Codes) in the last two years with millennials and Gen Z accounting for around 70 per cent of the user base in the capital. Andhra Pradesh also happens to be home to twice the national average of derivatives traders. The company also said that compared to the rest of India, both Telangana and Andhra Pradesh have a higher percentage of subscribers trading in currency and commodity plus 30 per cent more mutual fund investors than the national average.

Upstox recently achieved the milestone of serving over 1 crore customers. Its customer base includes private employees, students, business owners, professionals, and homemakers. It also announced to have revamped features on its app that will simplify investing for Indian investors. Ravi Kumar, Co-founder and CEO, Upstox said, “Our efforts in creating awareness about financial investment are being well received across the country, and I am grateful for that. We are positive that our core vision of facilitating a culture of diverse financial investing, will help us reach newer horizons, and make us the partner of choice for our customers, both present and future. We understand our customers’ needs and are committed to providing them with an intuitive and industry-best investing and trading experience.”