Profit from India's growth, invest in SIPs, says Sunil Singhania
From just Rs 4,000 crore per month, Sunil Singhania, CIO-Equity, Investment at Reliance Mutual Fund expects systematic investment plans to exceed USD 1-billion a month within the next year or two.
Investments in systematic investment plans (SIPs) have gathered steam lately and Sunil Singhania, CIO-Equity, Investment at Reliance Mutual Fund expects them to exceed USD 1-billion a month from around Rs 4,000 crore now.
It is painful to see foreign investors making money out of India's growth story, while Indians shy away from equities, he says. He advises retail investors to participate in India's growth and benefit from it by starting to invest, particularly via SIPs.
"We have reached USD 2 trillion in the last 67 years. We are very confident that this USD 2 trillion we will be USD 4 trillion in the next six-seven years," he says.
Ahead of a Friday event - Mutual Fund Day - by Reliance Mutual Fund and CNBC-TV18, Singhania talked about the importance of investing in mutual funds and the road to financial prosperity.
Singhania advises investors to invest in a fund after closely observing the consistency over a long-term period, and the track record of a fund manager.
His formula for healthy returns is to pick a few fund houses with good fund managers, and have confidence in the Indian economy and those fund managers to deliver returns.
"If you have 5 percent in equity and you make 100 percent and if you have 50 percent in equity you make 30 percent, I think that the second option will be much better," he says.
From just Rs 4,000 crore per month, Sunil Singhania, CIO-Equity, Investment at Reliance Mutual Fund expects systematic investment plans to exceed USD 1-billion a month within the next year or two.
Investments in systematic investment plans (SIPs) have gathered steam lately and Sunil Singhania, CIO-Equity, Investment at Reliance Mutual Fund expects them to exceed USD 1-billion a month from around Rs 4,000 crore now.
It is painful to see foreign investors making money out of India's growth story, while Indians shy away from equities, he says. He advises retail investors to participate in India's growth and benefit from it by starting to invest, particularly via SIPs.
"We have reached USD 2 trillion in the last 67 years. We are very confident that this USD 2 trillion we will be USD 4 trillion in the next six-seven years," he says.
Ahead of a Friday event - Mutual Fund Day - by Reliance Mutual Fund and CNBC-TV18, Singhania talked about the importance of investing in mutual funds and the road to financial prosperity.
Singhania advises investors to invest in a fund after closely observing the consistency over a long-term period, and the track record of a fund manager.
His formula for healthy returns is to pick a few fund houses with good fund managers, and have confidence in the Indian economy and those fund managers to deliver returns.
"If you have 5 percent in equity and you make 100 percent and if you have 50 percent in equity you make 30 percent, I think that the second option will be much better," he says.
Happy Investing
Source: Moneycontrol.com
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