The Rise of Retail Investors: A Shift Towards Financial Products
In the 1980s, the introduction of the 401(k) plan in the US marked a significant milestone for the equity market, propelling it to new heights throughout the decade and into the 1990s. Similarly, in India today, we are witnessing a comparable phenomenon with the surge in Systematic Investment Plans (SIPs), akin to the 401(k) plan's impact on the US stock market.