Indians Shifting from Gold & Property to Mutual Funds and Stocks
25 October 2019
1 min read
- According to a survey conducted by Credit Suisse, Indian are shifting from more traditional investments like gold and property to mutual funds and stocks.
- In their survey, Indians’ most preferred means of saving money is a bank account, followed by life insurance, followed by gold, followed by property, and then finally mutual funds and stocks.
- The likelihood of Indian households investing in mutual funds and stocks has gone from 13% in 2010 to 19% in 2017.
- “A theme that we think is very interesting in India is that you are starting to see those holdings of financial assets increase, just as perhaps the other side of the coin is that the more typical default of investing in gold and jewelry and things such as that — that’s been coming down,” said Richard Kersley – head of global equity research product at Credit Suisse.
MOST POPULAR ON GROWWVERSION - 5.3.6
STOCK MARKET INDICES: S&P BSE SENSEX | S&P BSE 100 | NIFTY 100 | NIFTY 50 | NIFTY MIDCAP 100 | NIFTY BANK | NIFTY NEXT 50
POPULAR MUTUAL FUNDS: QUANT SMALL CAP FUND | ICICI PRUDENTIAL COMMODITIES FUND | NIPPON INDIA SMALL CAP FUND | PARAG PARIKH FLEXI CAP FUND | GROWW NIFTY TOTAL MARKET INDEX FUND | SBI SMALL MIDCAP FUND | TATA DIGITAL INDIA FUND | AXIS SMALL CAP FUND | ICICI PRUDENTIAL TECHNOLOGY FUND | HDFC INDEX FUND SENSEX PLAN | HDFC SMALL CAP FUND | AXIS EQUITY FUND | CANARA ROBECO SMALL CAP FUND | TATA SMALL CAP FUND | UTI NIFTY FUND
MUTUAL FUNDS COMPANIES: GROWWMF | SBI | AXIS | HDFC | UTI | NIPPON INDIA | ICICI PRUDENTIAL | TATA | KOTAK | DSP | CANARA ROBECO | SUNDARAM | MIRAE ASSET | IDFC | FRANKLIN TEMPLETON | PPFAS | MOTILAL OSWAL | INVESCO | EDELWEISS | ADITYA BIRLA SUN LIFE | LIC | HSBC | NAVI | QUANTUM | UNION | ITI | MAHINDRA MANULIFE | 360 ONE | BOI | TAURUS | JM FINANCIAL | PGIM | SHRIRAM | BARODA BNP PARIBAS | QUANT | WHITEOAK CAPITAL | TRUST | SAMCO | NJ