NEW DELHI: More and more millennials are taking to mutual fund investing and are letting their corpuses grow by holding them over long terms. Experts believe that industry body Association of Mutual Funds of India’s (Amfi) Mutual Funds Sahi Hai campaign and personal finance blogs, specifically targeted at millennials, have helped increase awareness about MFs. The remaining 150,000 investors started off with non-equity mutual funds but 33% of them subsequently moved to investing in equity. It is, thus, important to balance equity funds with non-equity debt funds according to your risk profile. SIP route: With an average ticket size of ₹2,118, over 1 million millennial investors preferred the systematic investment plan (SIP) route to enter equity mutual funds.

Source: Mint July 24, 2019 03:11 UTC