‘Hum aake class lenge’: Radhika Gupta tells Shark Tank staff if they don’t start SIP

Radhika Gupta, CEO of Edelweiss Mutual Fund was recently seen offering investment advice to the staff associated with Shark Tank India. She advised the staff to start investing in mutual funds and should follow SIP mode of investment. She posted a video on her X account and wrote, “Can’t take the Mutual Fund CEO out of me, even behind the shoots of Shark Tank.”

She also posted that, “This conversation is a reminder of how many people still need to learn about the power of MFs and start investing… and for my MFD friends, a nudge that a lot of people are looking for guidance and advice!”.

In the video, she was seen asking the staff how many of them have either invested in a mutual fund or started an SIP. To this, a majority of the staff replied that they have neither invested in a mutual fund nor started a SIP.

She replied, “Before I leave this schedule, all of you need to start an SIP. Kaise karni hai, hum sab baithe hai, agar aaj nahi hui to hum aake class lenge. But cannot not start an SIP.” The staff of Shark Tank agreed and asked her to guide them and said “deal done”.

Can’t take the Mutual Fund CEO out of me, even behind the shoots of Shark Tank.

This conversation is a reminder of how many people still need to learn about the power of MFs and start investing… and for my MFD friends, a nudge that a lot of people are looking for guidance and… pic.twitter.com/NfYAN9rrre

— Radhika Gupta (@iRadhikaGupta) May 28, 2024

The video has received positive response from the users. Some users posted about how finfluencers are misleading people and are not offering good financial advice to the mutual fund investors.

In the last five years, the monthly SIP contribution by mutual fund investors has surged by over two times from Rs 8,183 crore in May 2019 to Rs 20,371 crore in April 2024 (last available data for comparison).

The number of SIP accounts has also increased from 2.73 crore in June 2019 to 8.70 crore in April 2024, according to the monthly data released by Association of Mutual Funds in India (AMFI).