Exploring the reasons for lesser penetration of mutual funds as an investment choice beyond the economically developed states, and related business opportunities
Abstract
The term ‘financial assets’ includes bank deposits, insurance products, shares in publicly traded companies and mutual funds. It can be observed that the substantial portion of the wealth is accumulated in traditional assets viz. real estate and gold. In fact, to a substantial extent, the real estate and gold to the extent of used by the household is an illiquid asset. It is interesting to note that the average wealth held up in real estate in USA and Germany is approximately half of that held by an average Indian viz. 44% and 37% respectively.
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