Need of Millennials in Investing in Mutual Funds
Abstract
Mutual funds are long term beneficiary investment rather than short term. Mutual funds do well when you hold them for 3-5 years or even more. Money managers are the ones who operate in fund houses.Better profits can be gained as the fund is invested with different companies by the fund house.The funds are invested with different companies by the fund house. The funds are invested along with other investor’s money.Investor’s investment on a mutual fund can be called as his portfolio. The present study is based on how investment in mutual funds is beneficial to youngsters. Mutual funds help the younger generation to grow wealth,generate income and save money.