In the financial year 2023, 90 percent of the millennials in India preferred to make their first investment in equity over any other asset class. However, a drop in the trend was seen in the financial year 2020 and 2021 as millennials went into a cautious mode during the pandemic. Coinciding with the end of the pandemic, the share of equity investments increased again in the financial year 2022.
Distribution of asset class preference by millennials for first investment in India from financial year 2019 to 2023
Characteristic
Equity
Debt
Cash
Other schemes
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Computer Age Management Services. (May 3, 2023). Distribution of asset class preference by millennials for first investment in India from financial year 2019 to 2023 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1413499/india-asset-class-preference-by-millennials/
Computer Age Management Services. "Distribution of asset class preference by millennials for first investment in India from financial year 2019 to 2023." Chart. May 3, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1413499/india-asset-class-preference-by-millennials/
Computer Age Management Services. (2023). Distribution of asset class preference by millennials for first investment in India from financial year 2019 to 2023. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1413499/india-asset-class-preference-by-millennials/
Computer Age Management Services. "Distribution of Asset Class Preference by Millennials for First Investment in India from Financial Year 2019 to 2023." Statista, Statista Inc., 3 May 2023, https://www.statista.com/statistics/1413499/india-asset-class-preference-by-millennials/
Computer Age Management Services, Distribution of asset class preference by millennials for first investment in India from financial year 2019 to 2023 Statista, https://www.statista.com/statistics/1413499/india-asset-class-preference-by-millennials/ (last visited July 22, 2024)
Distribution of asset class preference by millennials for first investment in India from financial year 2019 to 2023 [Graph], Computer Age Management Services, May 3, 2023. [Online]. Available: https://www.statista.com/statistics/1413499/india-asset-class-preference-by-millennials/