How mutual funds have become the star investment product in the North-East? 4 experts weigh in
financial literacy in this part of the country was dismal. While we can’t say everyone is financially literate, we are at least trying to move the needle. We talked to a few financial planners based in Guwahati to understand how the investment landscape has changed in the last few years and what investors should do.
Earlier, a lot of people used to save only after carrying out their monthly expenses. They used to save or invest the amount that they had left at the end of the month. But now, thanks to SIP, people invest first and then spend later.
As a result, they are now able to save more money. Moreover, we have seen that a few business people had the potential to start monthly SIPs worth Rs. 1 lakh and above.
But, they were not comfortable investing that amount in one day. However, it was convenient for them to set up weekly and daily SIPs in their current account and invest that amount over a month instead of investing in one day. Also, we see that many investors are becoming interested in Portfolio Management Services, which has a minimum investment amount of ₹ 50 lakhs.
People are now looking at newer investment options instead of traditional ones like real estate, as many have faced many complications when dealing with real estate as an asset class. We can also note a difference in investment preferences between generations, with older generations leaning towards traditional investments like land and gold. In comparison, younger generations are more open to exploring a variety of investment instruments.
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