Top fund managers told CNBC-TV18 that asset allocation, rather than chasing complex financial products, remains the cornerstone of long-term wealth creation, highlighting a shift in investor behavior towards discipline and simplicity. A Balasubramaniam, MD and CEO of Aditya Birla Sun Life AMC, said the industry has evolved from explaining products to focusing on portfolio strategy, adding that investors “don’t need to know how money is managed – they need to know asset allocation.” He said rising financial literacy is helping investors prioritize savings over product complexity. Reiterating this, DP Singh, Deputy MD and Joint CEO, SBI MF, emphasized that “simplicity is the only hurdle in personal finance,” adding that disciplined investments across different cycles lead to consistent wealth creation. He said SIP inflows of around ₹30,000 crore per month are acting as a stabilizing force even during market volatility. Firoz Aziz, joint CEO of Anand Rathi Wealth, cautions against over-engineered products, saying, “Personal finance is the foundation on which everything stands,” and warned that many complex strategies have underperformed compared to simple mutual fund approaches. Fund chiefs also pointed to an improvement in investor maturity, with relief from less panic and a growing tendency to view the recovery as opportunities, although challenges such as failure to chase returns and maintain SIP discipline remain.
first published: March 26, 2026 12:02 am First