Job losses and salary cuts have taken a toll on the continuation of systematic investment plans (SIPs) by mutual fund investors, a survey has found. Sixty two per cent of mutual fund distributors (MFDs) reported that they saw some pause (58 per cent) or widespread pause (4 per cent) in SIPs. There was a flight to safety as well, with 65 per cent of the MFDs seeing some (59 per cent) or widespread (6 per cent) shift in allocation from equity to fixed income funds. Similarly, 69 per cent of MFDs saw widespread (47 per cent) or some (22 per cent) shift in allocation from MFs to bank deposits and cash.
Where do HNIs in India prefer to invest these days?
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