Money9 Initiative: Experts highlight importance of micro-SIPs

Systematic Investment Plans (SIPs) have gained a lot of traction among investors in the last few years. But there’s still a section of the society which is not aware about some schemes which offer them an opportunity to start monthly SIPs with even Rs 100.

Money9 as a platform seeks to enlighten readers about the importance of channelising their investments in the right manner and ensure they get the right information on how to go about it.

Micro-SIPs can help individuals accumulate a corpus without stretching one’s finances. It also offers a modest start to an individual cycle of saving and investing.

In an exclusive interview with Money9, Ashishkumar Chauhan, head of BSE, highlighted the importance of investing in SIPs.

“Investors should take decisions according to risk appetite. Quick money can only be made in fiction. I think small investors can create wealth through SIPs,” he told Money9.

In an episode of Save Nahin Invest Kar, DP Singh, CBO, SBI Mutual Fund, said Indians are now looking beyond fixed deposits and SIPs are growing in popularity.

“There has been a clear shift in people moving towards investing in mutual funds and the pandemic has accentuated that shift. AMFI data is an indication of that. SBI Mutual Fund is getting business from small villages. SBI’s reach has helped us reach hinterland areas and help people get access to our products,” he said.

Also Read: Five ways you can seamlessly start your investment journey with just Rs 100/month

In another episode of Save Nahin Invest Kar, Feroze Azeez, Deputy CEO, Anand Rathi Wealth Management, said SIP investments witnessed a rise during the pandemic and many new investors have started using it.

Also Read: A look at best-performing equity micro-SIP schemes 

“Falling interest rates have resulted in people moving towards SIPs. Retail investors should opt for equity investments to combat inflation and the mutual fund route is the best way as it entails minimum risks,” he said.

(A Money9 fun video on SIPs)