Property and gold, India’s traditional stores of value, appear to be fast losing sheen. Instead, financial assets are gaining currency with savers, whose options largely include deposits with full-service lenders, mutual funds and insurers of life. Financial savings as a percentage of gross national disposable income rose 90 basis points to 11.8% in FY17, buttressed by increases in the three investment avenues.
At first glance, the share of ‘paper-based’ investments appears minuscule: ..