Mutual Funds Remain Most Attractive Tool Of Investment During Pandemic: Survey


Mutual funds stay essentially the most enticing device of funding throughout COVID-19 adopted by equities as returns are wholesome on this asset class, in accordance with a survey by Financial advisory agency Findoc Group.

It mentioned about 72 per cent of the respondents have opted for mutual funds put up the primary pandemic and nearly 63 per cent specific happiness about their choice to spend money on these funds.

The different most vital instruments of investments opted by the respondents embrace equities, the survey mentioned on Thursday.

“The objective of the survey was to understand the preference of the investors and what they expect from their investment.

“The findings clearly state that mutual funds have been essentially the most favoured funding post-equities. We will see an uptrend on this funding behaviour because the returns are nice on this asset class,” Findoc Group Managing Director Hemant Sood mentioned.

The survey was performed amongst greater than 10,000 present prospects of Findoc Group between July 27 and September 4.

Nitin Shahi, government director of Findoc Financial Services, mentioned algorithmic buying and selling has gave the impression to be one of many most well-liked instruments amongst traders who’ve been buying and selling on a day-to-day foundation for greater than three years.

(PTI)




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