SIPs at an all-time high Says Dr. V K Vijayakumar, Geojit Financial Services
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Below is View on SIPs at an all-time high By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"The healthiest trend in the Indian equity market now is the steady increase in SIPs which have touched a new record of Rs 13307 crores in November. It is a proven fact that SIPs are the most successful mode of investment for retail investors. Even though the total Demat accounts crossing 10 crores is a desirable development many newbie investors are losing money indulging in day trading and derivatives trading. This is undesirable.
In contrast to this reckless trading culture, increasing SIPs shows that Indian equity investors are maturing. It is important that SIP investors should not discontinue their investment when markets correct sharply."
Above views are of the author and not of the website kindly read disclaimer
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