Mutual Funds For Millennials
Millennials and Financial Planning
A significant shift is underway in India’s financial landscape – the rise of millennial investors. Individuals born between 1980 and 1995, grouped as millennials, are actively reshaping the investment industry in their 30s and 40s. And their preferred avenue is mutual funds. The article highlights the details of the trend
Previously shrouded in mystery and considered exclusive to seasoned investors, mutual fund investing has transformed into a reliable wealth creation method. According to the Computer Age Management Services (CAMS) report, over the last four years (FY 2019-23), an impressive 54 per cent of new mutual fund investors were millennials. This means out of a total 1.6 crore new investors, 85 lakh investors were millennials. This emphasises how mutual funds are being considered as an investment option by millennials. The same report also indicates that millennials preferred sectoral or thematic funds over other equity mutual funds’ categories.
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