It’s unlikely SIPs are tripping up luxury car sales2 min read . Updated: 01 Dec 2022, 06:26 PM IST
- The numbers do not quite reflect a picture of Indians turning abstemious in the present, so as to secure their future.
Is an upper middle-class obsession with savings curtailing their current consumption, particularly of high-value products? Mercedes-Benz India’s Sales and Marketing Head Santosh Iyer thinks so. People are diverting money to Systematic Investment Plans (SIPs) of mutual funds, says Iyer, instead of fulfilling their luxury ambitions. Iyer is to take over as India head of Mercedes-Benz in January, but, with this statement, has a welcome mat laid out for him at the mutual fund industry, which is using the World Cup to push its ‘Mutual Funds Sahi Hai’ campaign
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