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Latest analysis on investor behavior reveals that an increasing number of new investors are coming to the Indian stock market and are considering index funds to invest in the stock market.
An analysis by online wealth management platform Kuvera found that 15% of investors who started investing in 2023 have a clear preference for index funds. This is considered significant because the share has never been this high in the past decade analyzed by this study.
“New investors at Kuvera are showing a steadily increasing preference for index funds. For those who started investing in 2023, 15% of the funds in their portfolio will be index; “This is the highest ever,” the report states.
In 2014, this share was in the range of 5-7 percent, although it increased steadily over the years and was fixed in the range of 12-13 percent.
Incidentally, the average number of fund schemes in an investor’s portfolio increased as the age group increased.
On average, people in the 25-30 age group had six schemes in their portfolio, but that number increased to nine in the 36-40 age group.
More importantly, the average number of funds is fixed at 10 for each age category: 41-45, 46-50, and 51-55.
The online wealth management company recommends holding an average of eight schemes in your portfolio as “adding more schemes makes it difficult to track, rebalance and manage your portfolio”.
Meanwhile, the most bought mutual fund schemes during the year were Parag Parikh Flexicap Growth Direct Plan, UTI Nifty 50 Index Growth Direct Plan, Quant Small Cap Growth Direct Plan, Quant Mid Cap Growth Direct Plan, Growth Direct Plan, and Axis Small Cap Growth Direct Plan. .
Meanwhile, the most sold schemes were Axis Bluechip Growth Direct Plan, Axis Focused 25 Growth Direct Plan, Axis ELSS Tax Saver Growth Direct Plan, ICICI Prudential Technology Growth Direct Plan, and Aditya Birla Sun Life ELSS Tax Saver Growth Direct Plan.
When it comes to goals, buying a home topped the list at 24 percent, followed by retirement planning at 20 percent and a car at 16 percent. Interestingly, education was the top goal for only 9 percent.
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