Currently, just as there is inequality at an individual level, there has been increasing polarization in stock markets too with a select few stocks accounting for a disproportionate share of overall market cap.
In the post-covid world, more independent financial entrepreneurs, who are more digital led, collaborative and addressing a wider range of potential customers.
The magnitude of benefit to the real economy will depend on the virus situation and the extent to which the economy is open both officially but more importantly in terms of actual people behavior.
Risk management often allows to eliminate the potential risk involved and provides ways to diversify the investment options depending on the goals of investors.
The world has moved to digital communication due to coronavirus pandemic. In such a situation, individual MFDs should equip themselves with effective communication skills to strengthen their relationship with clients.
Investors who have continued their SIPs in the hope of reaching their financial goals soon have been affected due to sharp decline in the market. Hence, it is better to recommend clients to shift their corpus to low risk funds and make incremental contribution to the new funds.