Make debt attractive again for risk-averse investors shifting to equities for better tax saving

India's stock market has experienced a remarkable ascent, surpassing Hong Kong to secure the fourth position globally with a substantial market capitalisation of $4.33 trillion. The Assets Under Management (AUM) of the Indian mutual funds industry have also crossed the Rs 50 trillion landmark. However, the phenomenal rise in equities and systematic investment plans in mutual funds has led to undue attention to equities. And investors have ignored debt allocation in their portfolios.

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