When I bought Titan in 2019, many warned about high PE. Look at the last two years return. Also wait and see how big a wealth creator it's going to be in next 2 decades.
Even a decade ago, a distributor has to spend lot of time to make someone invest through SIPs.
Now SIPs have become like FDs & RDs. Every decent income earning family invests through SIPs.
This would continue to bring in tsunami of flows. Retail is now powerful than FIIs.
Finished college in early nineties; one of our friend got a job in Asian Paints as warehouse keeper. He was congratulated by all professors for getting a job in India's best paint company. It's not that we weren't aware of Asian Paints or Pidilite. We weren't aware of investing.
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