Latest Long-term Investing News & Updates

Rise in SIP Investments from Small Towns and Rural Areas Signals Market Expansion

By

New Delhi, May 9 (IANS) A growing share of systematic investment plan (SIP) inflows is now coming from smaller towns and rural areas, reflecting the rapid expansion of India’s retail investor base beyond major cities, HDFC AMC Managing Director and CEO Navneet Munot said on Saturday.Speaking to IANS, Munot said the ‘democratisation’ of India’s capital markets is accelerating, with participation rising across age groups and geographies.”It is encouraging to see thousands of people showing int…