Where are India's rich investing? Stocks beat gold and property too

Wealthy Indians are buying stocks hand over fist, eclipsing the strong appetite for equities seen across the world, according to a Knight Frank study.

Some 95 per cent of India’s population with net assets of $50 million or more lifted their holdings in the 12 months through October, compared with the 62 per cent global average, the analysis showed. At the same time, they shunned historically favoured assets from property to gold, which ranked among the investments seeing the smallest allocation increase for India’s rich.

Where the Super Rich are Investing?

Equities have been a great choice -- the global