- Santosh Iyer, the incoming CEO of Mercedes-Benz India, claimed that SIPs are a competitor for the automaker and have decreased sales.
- Nithin Kamath, the CEO of Zerodha, responded. “Isn’t debt-fueled explosive growth—where people borrow to purchase depreciating assets—not significantly preferable to gradual and steady growth?”
- He said, “I hope this is a misquote…[and] not what it reads.
I hope that was a typo: Zerodha CEO as Mercedes executive attributes decreased sales to SIPs.
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