Among the market buzzwords of the year were FIRE, smallcaps, midcaps, and SIPs. Could it be that financial advisers and influencers were peddling the wrong ideas?
Experts say yes, adding that Indian mutual fund investors are maturing, which can help sustain domestic fund flows. “Middle-income people have understood that the best way to build wealth and meet goals in the longterm is through SIPs,” said A Balasubramanian, CEO of Aditya Birla Sun Life Mutual Fund.
SIP contribution in mutual funds reached ₹1,66,131 crore in the first 11 months ending Nov 30, 2023 witnessing 22.23 percent increase from previous year’s contribution for the corresponding period.
Aspero s wealth report highlights the variety in financial decision-making and investment strategies. The report notes that 78% opt for fixed-income investments to achieve balanced portfolios and capital protection.