Radhika Gupta On SIP Growth And Market Stability At India Today Conclave 2024

At the India Today Conclave 2024 in Mumbai, Business Today Editor Sourav Majumdar held an insightful discussion with Radhika Gupta, MD & CEO of Edelweiss Mutual Fund. Gupta praised the significant contributions of domestic institutions, particularly mutual funds, in stabilizing the markets amid reduced foreign participation. She highlighted the remarkable growth in systematic investment plans (SIPs), noting that monthly SIP inflows have surged from ₹4,000 crores in 2017 to approximately ₹23,000 crores today. Despite media skepticism regarding this growth, Gupta believes it reflects a structural shift in India's financial landscape. She compared the rise of the Indian mutual fund industry to the U.S., where GDP growth led to a substantial increase in mutual fund assets. Gupta emphasized that today's young Indians prefer investing through SIPs rather than traditional fixed deposits, showcasing a shift in investment behavior. Regarding concerns about market overheating, she acknowledged the presence of exuberance but expressed optimism for India's future, citing favorable demographics, a stable growth environment, and the potential for entrepreneurial success. Gupta concluded that pockets of excitement are typical in bull markets, reinforcing her belief in the market's resilience and continued growth potential.