Mutual funds stay the most attractive tool of investment during the pandemic

Mutual funds stay the most attractive tool of investment during the pandemic

Mutual funds stay the most attractive tool of investment during COVID-19 followed by equities as returns are healthy in this resource class, as indicated by a survey by Financial advisory firm Findoc Group.

It said around 72% of the respondents have picked mutual funds post the first pandemic and very nearly 63% express happiness about their decision to invest in these funds.

The other most significant tools of investments picked by the respondents incorporate equities, the survey said on Thursday.

“The objective of the survey was to understand the preference of the investors and what they expect from their investment.

“The findings clearly state that mutual funds have been the most favoured investment post-equities. We will see an uptrend in this investment behaviour as the returns are great in this asset class,” Findoc Group Managing Director Hemant Sood said.

The survey was directed among in excess of 10,000 existing clients of Findoc Group between July 27 and September 4.

Nitin Shahi, executive director of Findoc Financial Services, said algorithmic trading has appeared to be one of the preferred tools among investors who have been trading on a day-to-day basis for over three years.

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Capitalize You journalist was involved in the writing and production of this article.

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