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Almost every one in two urban Indians raised their investments post March 2020 as the pandemic forced people to introspect their financial health, shows a survey. The other key factors which led to higher investments include the belief that equities can deliver good returns, rise in ease of investment with the emergence of online platforms and increase in earnings.
The survey by DSP Mutual Fund (MF) and YouGov shows that while 45 per cent of the respondents raised their investments, 23 per cent had to slash it due to pay cuts, fall in risk-taking capacity, uncertainty in business and job loss.
According to DSP MF, over 4,600 investors participated in the survey from across 10 cities.
