Systematic investment plans (SIPs) can help young people in India combat difficult savings conditions and beat inflation, according to Yes Securities’ Head of Wealth Broking. These include a consumerist buy-now-pay-later environment and cultural changes in the retirement age, making SIPs essential for wealth creation and maximisation. The average SIP investment of INR2,200 ($29) is inadequate to combat inflation, and investors must align the instrument with their financial goals to create a realistic surplus, according to the expert. The mutual fund industry has grown five-fold in 10 years, but SIP accounts and portfolio values must be better targeted.
