In a nation where gold and property have been the traditional stores of value for centuries, equities appear to have emerged as a viable alternative in the past five years, underscoring the increasing ‘financialization’ of savings in India. Assets under management (AUMs) in the equity segment of local mutual funds climbed 23% annually, data gathered by Motilal Oswal showed, undergirding the broadest benchmark Nifty 50 through a period of rather circumspect growth across vast swathes of the consu ..
