550mn use UPI; only 62mn invest in funds (opens the source in a new tab)
- EY counts over 550 million active UPI Unified Payments Interface: India's instant mobile payment system, run by NPCI. users, but only about 62 million mutual fund investors and about 50 million active equity participants.
- Many households find investment products complex, volatile or hard to judge, so access alone won’t create lasting investors, EY says.
- It proposes a five-layer ‘Wealth Stack’ (access, data, intelligence, advice, trust) and sees 100 million+ new long-term investors by 2035.
- 550mn+
- active UPI users
- ~62mn
- mutual fund investors
- 38%
- investors under 30
Why it matters India built the payment rails; investing needs advice, not just apps.
Other side 100 million is EY’s ambition, not a forecast. Could more ‘guidance’ mean more mis-selling?
Source:EY (free to read) ↗