Net investing Indians dependent: Nielsen
Indians are more dependent on others while taking decisions for investments through internet compared to their global peers, as per a survey by information and measurement firm Nielsen.
Over two in five, which is 41 per cent, of online Indian consumers make their own decisions for investments with mutual funds, metals, stocks and bonds emerging as their preferred options, according to the Nielsen Global Survey of Investment Attitudes.
"Nielsen's survey shows that when making personal finance or investment decisions, nearly half (49 per cent) of global online consumers rely only on themselves," it said.
The survey, however, said compared to ordinary customers, net savvy Indians are more independent while taking investment decisions.
"As opposed to the average customer, online consumers in India appear to be far less dependent on others in decision exhibiting a marked independence in being self sufficient and not entirely trusting of people around them," Nielsen India Director Subhash Chandra said.
The report said 16 per cent of Indian respondents indicated that they would take the advice of friends, relatives and colleagues while making financial decisions.
Globally, 20 per cent of respondents sought advice from a financial planner or adviser while 18 per cent relied on friends, relatives and colleagues for advice, the survey said.
When it came to investment options for the Indians, 64 per cent of the respondents favoured mutual funds among the top four asset classes, Nielsen said.
It is followed by precious metals (63 per cent), stocks (56 per cent) and bonds (40 per cent) as the most favoured investment options
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