82.85% of Gen Y prefer investing in mutual funds, shows survey

livemint.com:

fixed-income investments, is leading efforts to address the mental health dimensions of wealth creation. This groundbreaking report, developed in collaboration with Amaha, a mental health organization, reflects an increasing recognition of the interconnectedness between financial and mental well-being.

Commenting on the launch of the report, Vibhor Mittal, Chief Operating Officer, Aspero said, “Understanding the intricate relationship between wealth creation and well-being of an individual is significant in financial planning. Our collaboration with Amaha for the report delves into the psychological aspects of wealth accumulation, emphasizing the importance of a balanced and informed approach to investment.

By unravelling these insights, we at Aspero aim to guide investors towards strategies that not only enhance wealth but also contribute to their overall welfare." The report underscores the substantial impact of digital platforms on contemporary investor decision-making and uncovers the ways individuals cope with stress through their investment selections. Geared towards a varied demographic of employed professionals, the survey explores risk tolerance, investment inclinations, and external factors.

Through the integration of quantitative data, age-specific risk analysis, and qualitative perspectives, the report offers a comprehensive understanding of participants’ financial behaviours. Varied risk profiles among age segments: Within the 46-60 age bracket, 36% of respondents characterize themselves as aggressive investors, whereas 32% prefer a conservative approach.