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Here’s why people are suddenly going for SIPs and why the trend isn’t going to end anytime soon
Here’s why people are suddenly going for SIPs and why the trend isn’t going to end anytime soon
Prabhjote GillApr 12, 2021, 17:30 IST
More money is going to systematic investment plans (SIPs) as the Indian market becomes more turbulent on a day-to-day basisBCCL
March 2021 saw the highest ever
SIP net inflows of ₹91.8 billion.
According to analysts, this because anyone who was looking to make easy money off of India’s economic recovery has already bagged their profits or run out of patience.
'Government should create two interest rate slabs in small savings schemes' businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.
Updated Feb 05, 2021 | 07:02 IST
If the market continues to rally from this point then investors will face the risk of missing out on gains from equities. Representational image
New Delhi: As the Sensex crossed the psychological level of 50,000 for the first time, many first-time investors or those who missed out on the rally in the past 10 months might be tempted to take part in the rally by investing in equity mutual funds. Such investors should be careful while choosing funds. Financial planners said such investors could allocate money to hybrid mutual fund schemes, which invest in a mix of asset classes.
investors: MF first-timers can plug in to hybrid plans: Experts indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.