Mutual funds seem to be catching the fancy of the millennials.
According to industry experts, investors in the age bracket of 25-35 years, commonly referred to as the millennials, accounted for 40-50 per cent of the total investments flowing into mutual funds in 2017.
Last year, total inflows into mutual funds were close to ₹2.78 lakh crore, of which nearly ₹1.78 lakh crore came from equity mutual funds.
According to Anil Kumar Chopra, Group Director, Bajaj Capital, of the total investments, inflows through SIPs was close to ₹60,000 crore last year.
