SIP continued to break records for the seventh month in a row as it touched lifetime highs of Rs 10,518.53 crore in October 2021.
As the economic recovery is getting much more broad-based, one should see both the large caps and midcaps participate.
The boom in passive investment was seen as a major asset class creation
Siddharth Bothra, Fund Manager, Motilal Oswal Asset Management Company, feels investors should be patient and believe in the power of compounding
SIP contribution in March 2021 has reached the pre-covid levels.
SIP AUMs and retail equity folios are at an all-time high at Rs 4.21 lakh crores and 8.07 crore respectively.