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One-third of investors believe mutual funds is a vehicle to enjoy a better lifestyle, reveals a recent Cafemutual survey.
Here are other investor beliefs - 25% think mutual funds can supplement their income, 23% believe they can help reach financial goals and 16% look at mutual funds as a vehicle for securing their future financially.
The survey also shows that a smaller group of investors hold conflicting views - 2.4% of total respondents believe mutual funds are non-performers, 1.2% find mutual funds too complex and prefer staying away.
The findings are based on 2,458 responses across investor categories, of which women and millennial clients form 25% and 40% respectively. The survey shows that there is no major difference in how women investors and millennials perceive mutual funds.
Commenting on the survey, Prem Khatri, Founder & CEO, Cafemutual said, “Investors want their MFD/RIA to address their concerns in their way. The outcome of the survey will help MFDs/RIAs to understand investor perspectives better and customise their communication in line with what investors seek.”
