Flows from small cities and towns where we are focussing a lot are going to be the growth driver, says Sundeep Sikka , ED & CEO, Reliance Nippon Life AM , in an interview with ET Now. Sikka says retail investors are going ahead with SIPs as the taxation is much higher in all alternate avenues of investment like fixed deposits, gold and real estate.
To begin with, SIPs in Indian mutual funds have hit the magic number of $1 billion. Can you take us through some of the trends that you have observed in the consumer behaviour on the SIP front? Are you seeing any sort of a slowdown in the recent weeks, post the news flows or disappointment with the PSU banks?
