Mutual Fund Summit Live: Market dips no longer trigger mutual fund redemptions as SIP culture deepens, says Akhil Chaturvedi of Motilal Oswal
Akhil Cahturvedi: There was a phase when markets used to fall, we would see domination of sips, redemption from MFs. But in the last five years, what we have seen is that incrementally, that is not what is happening.
Akhil Chaturvedi: We are seeing a lot of demand for index funds, gold and silver, ETFs.
Akhil Chaturvedi: The principles of asset allocation to be incorporated by all our distribution partners out here in client portfolio, they should have something of everything, so that after one year, there is no FOMO that I didn’t have gold or silver or equity.
Akhil Chaturvedi: We now have one and a half million Indians who have a million dollar and more of net worth. So this, part of population is growing at a very fast pace and this is where the demand is coming for AIFs.