Investors
have been shunning equities in favour of bank deposits, gold or real
estate. In five years, bank deposits have increased by Rs 42 lakh crore
as against outflow of Rs 67, 000 crore from equity mutual funds.
While accurate data on gold and real estate is not available, but the
trend is similar. This is an extreme case of skewed allocation in favour
of other asset classes and under allocation to equities. Over the last
five years, FIIs have invested $90 billion and domestic mutu ..
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