Investors, SIP, FDs, insurance, Gold, millennials, investment patterns, DIY investors, Financial Planning, Money managementThe way Delhi-based Sandeep Nangrani, 45, invests has changed drastically in the last 10 years. Indian mutual funds have about 29.4 million SIP accounts as of November 2019, according to data from the Association of Mutual Funds in India. Turning to SIPsThe big habit shift over the decade has been the turn from punting in the market to becoming systematic investors. “Investors have turned savvier after their experience with mutual funds in the last decade. For most part of the previous decade, investors got lured into life insurance but started moving away after the insurance regulator revamped unit-linked insurance plans (Ulips) in 2010.

Source: Mint December 30, 2019 17:26 UTC