MF route to buy a Merc? Senior executive's comment starts Twitter debate

Spotlight turns on why middle class Indians use SIP for securing their financial goals

A comment by the top executive of Mercedes-Benz India that mutual fund (MF) systematic investment plans (SIPs) are eating on luxury car sales has taken social media by storm.

The comment has led people to highlight the 'savings mentality' of Indians and figure out the right SIP formula to buy a Mercedes-Benz car.

"A saving mindset is what will help us in times like now when countries that have borrowed heavily are getting screwed? In a world of rising interest rates, this will probably get much worse before it gets better for them," said Zerodha co-founder Nithin Kamath.

Nilesh Shah,