Indians prefer SIP mutual funds over swanky cars, says Mercedes-Benz marketing head


Content Team
Image Credit: TWitter

Monthly inflows in Systematic Investment Plan (SIP) mutual funds surged to Rs 12,000 crore between May and August this year. Similarly, luxury car sales in India went up by 55% in the first half of 2022, as compared to the same period a year before. It doesn’t seem like the two are inversely proportional, but carmaker Mercedes-Benz’s sales and marketing head in India, Santosh Iyer feels the two are somehow related.