Mutual funds showed net buying of shares for a record 10th straight quarter in September, data from Bloomberg show. Households are putting more money into financial assets as slowing inflation reduces the value of gold, a traditional favorite.
Shibabrota Konar exemplifies the shift. He's stopped buying exchange-traded funds backed by gold and now invests at least Rs 15,000 ($225) a month into stock funds. A jump in industry-wide accounts to a record 50 million at the end of August show he’s not alone.
Click here to read more>>
