The retail investor has realised that SIP is the financial version of ‘fill-it, shut-it, forget-it’, the popular tagline from an '80s motorcycle advertisement, Venkat Chalasani, Chief Executive of the Association of Mutual Funds of India (AMFI), told IANS.
"You don’t have to remember to invest every time, as once you start an SIP, you can keep it on for how many months/years you wish to. Investing and withdrawal are both easy," he said during an interview.
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Financialisation of savings growing, especially after Covid pandemic: AMFI chief
The Nifty snapped a four-week gaining streak on Friday, as it fell 2.1 per cent for the week and formed a bearish engulfing pattern on the weekly charts, said Deepak Jasani, Head of Retail Research, HDFC Securities.
The Nifty fell on Friday, pulling back after a rally in the previous session. While the Nifty closed the day at 22,023.35, down 123 points, or 0.56 per cent, the Sensex ended with a loss of 454 points, or 0.62 per cent, at 72,643.43.
“The Nifty has been facing selling ...
Nifty snaps four-week gaining streak
