Shankar Sharma enters SIP debate, asks critics and supporters to reveal their 'self-interest'

Veteran investor Shankar Sharma has entered the ongoing debate on Systematic Investment Plans (SIPs), calling on critics and supporters to disclose their self-interest to clarify the credibility of their arguments. Sharma disclosed he has no commercial interest in SIP outcomes but flagged macroeconomic concerns, arguing that sustained SIP inflows provide exit liquidity to foreign institutional investors which can weaken the Indian rupee and raise inflation. He also stated he will stop publicly criticising SIPs citing his long-standing personal and professional association with Samir Arora, who had backed his brokerage business in the mid-1990s.