In India, for a large group of investors, the gamut of investing has been confined to the realm of risk-free investment instruments. The older generations in India perceived asset classes that carried any element of risk with a pinch of mistrust. While those investment strategies may have borne results to varying degrees, more and more investors, especially from younger age groups, are acknowledging that diversification is vital for a successful investment journey. Portfolios, where weightages are heavily tilted towards one or two assets, can find it difficult to withstand the undulations of the market.
Beyond college funds: Why parents need to invest for a skills-first future
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