News From Press Start young—The smart, boring way to make money

Start young—The smart, boring way to make money

Source: Mint Apr 25, 2023

The mutual fund (MF) lobby, the Association of Mutual Funds in India (Amfi), shared some interesting data recently. This data provides the age-wise breakup of MF investors. In 2022-23, those in the age bracket of 25 to 35 years formed one fourth of the total number of MF folios. The figure had stood at 16% in 2012-13, suggesting that many more youngsters are now investing in MFs than earlier.

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