IGI Logo

Below the view on Mutual Fund has seen 8.5 million new millennial investors in the last 5 years from Dr. VK Vijaykumar, at Geojit Financial Services.

"The impressive growth in mutual fund investments during the last five years is one of the healthy developments happening in the Indian capital market. The fact that millennials are opting for the equity market route for wealth creation is laudable. More importantly, most millennials are opting for the SIP route for investment. This is reflected in the monthly SIP inflows steadily rising and crossing Rs 14000 crores despite poor returns from the market during the last 18 months.

SIP investors should continue their investment ignoring the volatility in the market. History has proved that mutual fund investors will be rewarded handsomely in the long run.
As India grows to an $ 8 trillion economy by 2032, phenomenal wealth will be created through the stock market. SIPs in mutual funds is the best way to participate in this coming wealth creation"

Above views are of the author and not of the website kindly read disclaimer