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.
Retirement planning and secondary sources of income have become key financial priorities for Indians, as they look to prepare for higher inflation, health concerns, and economic slowdown risks.
PGIM India Mutual Fund s Retirement Readiness Survey shows that at present 67 per cent Indians have their retirement plan in place, compared to 49 per cent in 2020. The pandemic was probably the factor making people realise the importance of saving and investing, leading to an increase in people planning for it.
Retirement planning and secondary sources of income have become key financial priorities for Indians, as they look to prepare for higher inflation, health