Summary:
Mumbai, Maharashtra, India (NewsVoir) Kuvera.in, India’s fastest growing investment platform, has released the results of its recently concluded survey aimed at better understanding investor behaviour as well as the desires and goals of individuals who invest along with preferred investment options.
The survey, which saw 5,559 respondents across 8 cities, clearly cited online platforms such as Kuvera.in as the preferred investment route for millennial investors with 9 out of 10 participants preferring to use it.
The survey showed that direct plans are in vogue with 8 out of 10 respondents favouring them over regular plans.
Index funds, which have been the flavour of the season, are yet to catch up with only 1 in 4 participants investing in them.
Growth funds remain the preferred investment tool with 6 out of 10 respondents investing in it.
Just 4 percent of respondents cited sector funds and value funds as an investment tool of choice while international funds came a cropper with just 2 percent opting for it.
Key highlights: · 9 out of 10 survey participants prefer investing via online investment platforms · Direct plans are in vogue with 88 percent respondents favoring them over regular plans · Index funds are yet to catch up with only 1 in 4 (25 percent) investing in them · Lesser women (5 out of 10 – 48 percent) compared to men (6 out of 10 – 61 percent) do monthly SIPs of more than Rs 10,000 · 5 out of 10 (51 percent) respondents invest in MFs to grow wealth, 4 out of 10 (45 percent) to meet financial goals · 5 out of 10 (55 percent) respondents in the 36-43 age group are investing for home, marriage, retirement and other goals Commenting on the survey, Gaurav Rastogi, Founder and CEO, Kuvera.in said, “As investment tools become more accessible, we are seeing an increase in investors opting for online platforms such as Kuvera.in to make smart investment decisions.
Interestingly, we are also seeing fiscal discipline in investors with almost 50 percent opting to invest in mutual funds to grow their wealth and 45 percent to meet their financial goals.