Times’re Sour. Time’s For A SIP

When a reign of disorderliness gripped the world last year, we took some time to realise the woes, reorganise ourselves, and revive with renewed vigour. And, eventually, the indomitable resilience of human being triumphed over the ravager. The regaining was slow, yet steady, and systems were restored at last. The wobbly markets in the post-Covid world sees a stomping triumph of systematic investments with retail investors driving the assets under management (AuM) under the SIP category of mutual funds to a record high of Rs 4.67 lakh crore. Over the past five years, the AuM recorded a 30 per cent yearly growth. Discontinuation of systematic investment plans, commonly called SIPs, fell to its lowest at 6.6 lakh in the last one year. The investment tool, offered by mutual funds, allows the investor to allocate a fixed sum of money in a chosen scheme periodically at pre-determined...