It’s 2024 and with all the buzz around stock markets since 2020, Indians are still investing in their old favorites assets – real estate and gold.
And you guessed it right, the third favorite asset of Indians is the one and only, the beloved, the indestructible, the grandpa-approved bank fixed deposit!
Top Assets
| Asset Class | Share |
| Real Estate | 51.3% |
| Gold | 15.2% |
| Bank FD | 13.3% |
| Stock Market | 5.8% |
| Insurance Fund | 5.7% |
| Provident Fund | 5.7% |
| Cash | 3.0% |
Let’s do a quick comparison to the top 3 asset classes in a developed country like US:
- Real Estate: 36%
- Stock Market: 22%
- Gold: 18%
As you can see, India still has a long runway to go when it comes to investing in stock market. Most likely, this share will come from real estate investors.