First Mercedes, then drugs: Radhika Gupta explains SIP’s investments

“A SIP should not be seen as an expense but as an investment in the future,” he said. Radhika GuptaCEO of Edelweiss Investment FundAccording to Gupta, there are concerns that SIPs may not perform as expected. However, he stresses that SIPs are meant to be a long-term investment. First, invest in your future (Mercedes) and then consider other expenses (medications).

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He posted on social media platform X: “First Mercedes and then medicines. Everyone is worried about being overtaken by SIPs. But a small correction: SIPs are not an expense but an investment in the future. Keep investing in India.”

Gupta’s statement came in response to a user’s post highlighting that India’s monthly spending on SIP surpassed its monthly spending on medicines just a few months ago, in March 2024.

Read also | Cheaper than coffee! Radhika Gupta says Edelweiss MF accepts SIP of Rs 100

Before March 2024, Indians spent more each month on pharmaceuticals than on financial peace of mind.

The publication noted that monthly contributions to SIP were consistently lower than domestic pharmaceutical sales. For example, in September 2023, monthly contribution to SIP amounted to Rs 16,042 crore, while domestic pharmaceutical sales were Rs 16,764 crore.
As of March 2024, the monthly SIP contribution reached Rs 19,271 crore, surpassing domestic pharmaceutical sales of Rs 16,158 crore.

One user commented on Gupta’s post: “Indeed! The fact that SIPs are classified as investments rather than expenses is a crucial distinction. While spending on medicines is often a necessity, investing in SIPs is an option that allows people to build a secure future. I think it’s about changing our mindset from seeing money as something to spend and start seeing it as a tool for growth.”

In another post on X, Gupta mentioned that in a financial world where molecular gastronomy has become popular, investment in dal rice is becoming fashionable as a phrase.
This post came in response to a social media user’s post praising Gupta’s idea of ​​investing in dal-chawal.

The user wrote that “Radhika Gupta (@iRadhikaGupta), CEO of Edelweiss Mutual Fund, recently championed the idea of ​​“investing in dal-chawal” — a simple, stable and reliable approach to investing, much like the Indian staple dish of dal and rice. In a market filled with scammers promising unrealistic returns, Gupta’s advice is a reminder to avoid risky shortcuts and focus on consistent, proven investment strategies. It’s all about choosing the basics over flashy promises that could lead to trouble.”



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