Every household should SIP in at least one mutual fund: Balasubramanian

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The Financial Freedom Summit by Money9 is back with its second edition. In this special summit, answers to every question on insurance, banking, investment, earnings, expenses, and savings for Indians will be made on one platform. The second leg of the Financial Freedom Summit has kicked off in Mumbai, where leading business tycoons, CEOs, CFOs, and investment experts have provided answers to all questions. So, if you have any questions, join this special program. You can also ask your questions live on YouTube.

SEBI’s significant contribution to financial literacy:

During the program, Aditya Birla Sun Life Mutual Fund’s MD and CEO A. Balasubramanian stated that the mutual fund industry has witnessed the biggest innovation in recent times from two perspectives. Firstly, there has been rise in financial literacy, for which SEBI has made a significant contribution. SEBI has made a separate budget for increasing literacy. Second innovation is that SIP has become popular.

A Balasubramanian emphasized the importance of SIP:

People may not be familiar with the term mutual funds, but they know about SIP. Awareness matters. People forget about the money they keep in current or savings accounts. Awareness needs to be increased so that this money is invested in mutual funds. The mutual fund industry will witness super-fast growth in the next 10 years. The aim is to make SIP a reality in every household. Every household should have at least one SIP.