Brainwashed Investors!?

Read this post from MoneyControl

This is a post by Shankar Sharma, who's focused on international investing. So naturally, he will be talking his book, i.e. international investing (thru him).

The difference is that he is NOT talking about the fact that SIPs did not exist in 1991. The SIP system was introduced by Franklin Templeton only in 1993, and only recently became accessible thanks to a combination of technology i.e. Zerodha and market environment i.e. Covid Crisis.

So this is why we're not seeing drastic fall in prices.

MFs are sitting on 15%-20% cash. There is money to be deployed, and if the SIPs continue at the same rate, the prices will hold.

But...

Having said that, you should have a 10%-20% exposure to international stocks. While doing that through the MF route is difficult, because your asset allocation will go for a toss, when the RBI puts limits on buying International Focused Funds.

The best alternative for now, is to open an account with Interactive Brokers

IBKR Referral Invitation

IBKR

And just create a weekly SIP in a few ETFs (check out the 𝕏 post below for the details)

The challenge of course is the forex rates you will have to pay for now. I recently did a transaction through HDFC Bank, and they charged ₹1,000 just as a commission (not including the money they make on fx conversion)