millennial investment, SIP is very interesting.. Digital gold is the best.. What is the preferred investment choice of the youth? – cashe report results say millennials prefer sip and are choosing digital gold as new age asset

A survey conducted by CASHe has revealed that awareness about financial planning continues to increase among the young generation known as Millennials.

There is increasing awareness among the young generation about financial planning and investments like stock market, mutual fund, gold. In particular, stock market investments and opening of demat accounts rose sharply after the onset of the Corona crisis.

In this case, CASHe conducted a survey of about 20,000 customers. Millennials from more than 80 cities have participated and responded. Accordingly, it has been revealed that the awareness about investment and finance among the young generation has increased.

43% of those surveyed said they started making their own financial decisions between the ages of 21 and 25.

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More than 47% said mutual fund SIP, Recurring Deposit etc. as preferred investments. 31% said that they are engaged in targeted savings.

41% people said that they are saving 10% to 20% of their annual income after the corona virus. About 30% of people save less than 10% of their annual income.

34% said they should start saving early to be comfortable in retirement. 48% have no plans for retirement.

In terms of new age assets, 33% prefer to invest in digital gold. About 56% have invested in tax saving schemes.