5 optimal investment avenues for new investors in the year 2024
mutual fund industry has experienced impressive growth, with more people getting involved and a significant increase in the total assets managed. The most recent info from the Association of Mutual Funds in India (AMFI) as of November, 2023, shows that the industry's net assets under management (AUM) were ₹46,71,687 crore, and the average AUM was ₹47,80,422 crore by the end of October 2023. A noteworthy accomplishment is the addition of over 25.50 lakh new investors, pushing the mutual fund folios to a record high of 15,96,46,790 in October 2023.
The significant growth to three major trends – the increasing utilisation of digital platforms, a rise in investors' risk appetite, and the availability of advisory services played a key role in the above milestone. Lots of young investors get drawn into those flashy promises of guaranteed unrealistic returns and tips, right? Yes, Gen Z has seen its fair share of that. But let's keep it real – there's no magic shortcut in the Indian equity market game.
It's all about discipline, patience and doing your homework. Now, back to the scoop: In 2024, there's a bunch of investment trends that could be your ticket into the financial markets. Let's check out a few that caught my eye: In the world of mutual funds, equity funds continue to shine as beacons of potential growth.
As India's economy surges forward, investing in equity mutual funds provides new investors with a chance to ride the wave of economic expansion. While large-cap funds offer stability, mid-cap and small-cap funds present higher growth potential. Striking a balance between these categories aligns with a prudent strategy, leveraging the diverse opportunities embedded in India's corporate landscape.
Read more on livemint.com
