The headlines are screaming of a fall in mutual fund investments and cancellation of SIPs (systematic investment plans). Depending on who you follow on Twitter, SIPs are mostly described as a worthless investment plan. Few have articulated that over last six years, SIP returns are at low single digits. If returns are low, why take the SIP route? If SIP is illogical, then why have AMCs spent so much time and energy in propagating a wrong tool to retail investors?
Nine big financial changes that you must watch out for in October
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