It is quite surprising that it has taken so long for the average Indian investor to adopt mutual funds (MFs) as a dependable avenue of investment. I state this based on the fact that the concept of MFs matches many concepts that the conventional Indian mindset is already familiar with. For example, parallels can be drawn from certain features such as unity in diversity (diversification across asset classes in MFs); place complete trust in a person or leader with credibility (professional fund management by asset management companies); and most importantly, the urge to participate in a growth story, but slowly and gradually with measured risks (using systematic investment plans, SIPs, as an investment mode).
India's wealthy opt for term insurance policies worth Rs 5-20 crore: Report
Read More