Perspective on AMFI Data: Trend in SIP contribution and folios are positive reflecting faith of the investors in the Indian economy Says Mr. Akhil Chaturvedi, Motilal Oswal AMC
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Below is Perspective on AMFI Data By Mr. Akhil Chaturvedi, Chief Business Officer, Motilal Oswal AMC.
“Trend in SIP contribution and folios are positive reflecting faith of the investors in the Indian economy and markets. It also re-affirms the trend of financialisation of household savings even in the face of persistent concerns on global macro front. Indian economy’s resilience during these troubled times globally is also helping. However, to really gauge retail investors sentiment, we would need to closely watch the ~ 12% dip in number of new SIP’s registered in Oct compared to average of last two months”
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