Edelweiss MF's Radhika Gupta Proposes SIPs As Wealth Standard; Here's What Internet Thinks

Gupta took to X to share her thoughts on redefining wealth perception in India, especially in areas like Delhi NCR, where real estate has long been seen as the primary source of financial success

Radhika Gupta, Managing Director and CEO of Edelweiss Mutual Fund

Source : X

Systematic Investment Plans (SIPs) have emerged as one of the most popular options for wealth accumulation and financial security. As more investors shift away from traditional assets, the conversation surrounding SIPs has intensified. Radhika Gupta, Managing Director and CEO of Edelweiss Mutual Fund has been at the forefront of this dialogue, advocating for regular investments in mutual funds as a path to long-term financial health.

Recently, Gupta took to X (formerly Twitter) to share her thoughts on redefining wealth perception in India, especially in areas like Delhi NCR, where real estate has long been seen as the primary source of financial success. In her tweet, she noted that while property ownership has historically signified status, this perspective needs to evolve. Gupta advocates that true wealth should now be measured by the size of one’s monthly SIP contributions rather than the number of properties owned.

She wrote, “Once upon a time in Delhi NCR where I come from, the measure of wealth was the number of properties you had.  Showing off meant talking about one plot here, one flat there and another office space close by. With India financializing, the new measure should be the size of your monthly SIP book.  I would love to hear young people say, "Meri toh mahine ki 1L ki SIP hai, what about you?"

Once upon a time in Delhi NCR where I come from, the measure of wealth was the number of properties you had. Showing off meant talking about one plot here, one flat there and another office space close by.

With India financializing, the new measure should be the size of your…

— Radhika Gupta (@iRadhikaGupta) September 17, 2024

Gupta's post went viral just a few hours after it was posted and generated a significant number of views and comments.

“I would love to hear young people say.  I am happy. Showing off wealth or this mad obsession with wealth is the single biggest season why we are in a health emergency,” wrote one of the internet users.

Another user added: “Quite contradictory to what you wished for — the young of today would say, I have phone EMI, I have car EMI, I have foreign holiday EMI, I have cash loan EMI, etc. etc. It's not SPI it's EMI financialisation.”

“No doubt, SIP cult is on the rise, people have come to understand that SIPs are the best tool to create long term wealth and achieve our financial goals. AMFI and different MF AMCs have played a great role in promotion of SIP through different levels of awareness programmes,” wrote a third user.