#310 – Understanding Fractional Shares
What are fractional shares in India, and why are they generating buzz? With 34.5 million demat accounts opened in FY22, per Stockal, and mutual fund AUM at ₹59.31 lakh crore in September 2024, per AMFI, retail investing is booming. Fractional shares could democratize access to high-priced stocks like MRF (₹1.25 lakh), but they’re not yet …