As regular readers must have noticed, I have often lamented Indian savers’ excessive reliance on fixed income. India has traditionally been a ‘fixed income country’. Generations of savers have automatically turned to savings instruments such as PPF, bank deposits, post office deposits, etc., for all their savings needs. This is something that I’ve often written about and pointed out that long-term savings and investments must be invested in equity or equity-backed mutual funds.
Interest ..
