Investing in gold, National Saving Certificates and fixed deposits - "Out of Fashion"!
As far as investment is concerned, Indians like to play it safe, a survey has found. According to it, 65 per cent of working individuals in urban India prefer real estate as long-term investment option as it guarantees higher future returns and helps them stay off other riskier investment options like the stock market, equity, mutual funds and gold.
The country-wide survey, “Current Investment Patterns in working Urban Indians,” conducted by the Associated Chambers of Commerce and Industry of India under the aegis of ASSOCHAM Social Development Foundation (ASDF) asked almost 1,500 directors, officers, executives, teachers, professionals in the public sector and multi-national companies and self-employed traders, lawyers, doctors and financial experts about their preferred investment options for savings.
Most respondents said investing in gold, National Saving Certificates and fixed deposits was passé and represented the “old school” of investment concepts. Real estate, mutual funds and life insurance found favour among the younger lot.
To read more, please, visit The Hindu
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