Bangalore, April 12: Despite being available in the market for over two decades now with assets under management equaling Rs 7,81,71,152 Lakh (as of February 28, 2010), less than 10 per cent of Indian households have invested in mutual funds, according to a report.
The report on Mutual Funds Investments released by Research and analytics firm, Boston Analytics, suggests investors are holding back from putting their money in mutual funds due to their perceived high risk and a lack of information on how mutual funds work.
The report is based on a survey of approximately 10,000 respondents in 15 Indian cities and towns as of March 2010.
Among respondents with a high savings rate, close to 40 per cent of those who live in metros and Tier I cities cited such investments were very risky, whereas 33 per cent of those in tier II cities said they did not how and where to invest in such assets.
–Agencies