Amit Gupta, Managing Director at SAG Infotech shared 10 Investment Options For Millennials In India
Millennials can choose from different types of mutual funds, such as equity funds, debt funds, or balanced funds, based on their risk appetite and investment goals
SIPs allow millennials to invest a fixed amount regularly in mutual funds. This investment strategy is beneficial for millennials as it enables them to invest smaller amounts at regular intervals, reducing the impact of market volatility.
ETFs are similar to mutual funds but trade on the stock exchange like individual stocks. They offer millennials an opportunity to invest in a diversified portfolio of securities at a lower cost
Direct equity investment involves buying and holding shares of individual companies. Millennials with a good understanding of the stock market can consider it. However, direct equity investment requires diligent research, monitoring, and a higher risk tolerance
PPF is a government-backed savings scheme that offers attractive interest rates and tax benefits. PPF also provides the flexibility to make regular contributions or lump-sum deposits and offers a risk-free return
NPS is a retirement-focused investment scheme. It offers a mix of equity, corporate bonds, and government securities, allowing millennials to choose their asset allocation
Real estate can be a valuable investment option for millennials in India. They can invest in residential properties, commercial properties, or even real estate investment trusts (REITs)
Millennials can consider investing in gold and other precious metals as a diversification strategy. They can purchase physical gold, gold ETFs, or invest in gold savings schemes offered by banks
Peer-to-peer (P2P) lending platforms allow millennials to lend money directly to individuals or small businesses. However, millennials should carefully assess the creditworthiness of borrowers before investing in P2P lending, says SAG Infotech MD Amit Gupta
There are various government-sponsored savings schemes such as Sukanya Samriddhi Yojana (for girls), Senior Citizen Savings Scheme (for the elderly) and Post Office Monthly Income Scheme that offer fixed returns