New investors are not making a beeline for mutual funds anymore, say mutual fund advisors. According to advisors, the number of calls from investors have dropped around 50 per cent since February. Even ELSS queries have dropped this tax-saving season, they add. “Since February, the rush of investors has slowed down a lot. This used to be the time when a lot of ELSS investors used to came in, but there is a drop this time. The rush we saw till January is no more there,” says Neeraj Chauhan, CEO, The Financial Mall.
75 years to reach per capita income of $2730, will take only 5 years to add another $2000, FM Sitharaman
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