In Modi 2.0, the monthly SIP contribution had more than doubled from Rs 8,183 crore in May 2019 to Rs 20,371 crore in April 2024 (the last available data for comparison). The number of SIP accounts also increased from 2.73 crore in June 2019 to 8.70 crore in April 2024. “Considering that there is no clear majority for BJP and there is a dependence on two other parties for NDA Government formation, there can be some political uncertainty, at least for some time. While lumpsum is not suggested during most times, this is also not the time for it and investments should be done only as SIPs or through STPs,” suggests Rajesh Minocha, a Certified Financial Planner (CFP), Founder of Financial Radiance.
