Are SIPs India's new pension?
Monthly SIP inflows crossed ₹20,000 crore in 2024, up from under ₹1,000 crore a decade ago. For middle-class Indians, SIPs are now the default retirement plan. Sommaiyaa (Former CEO of Motilal Oswal) believes this habit, if continued for 20 years, can beat most of the pension schemes.