How does India's $11.1 trillion household savings into equities stack up

Jefferies estimates the structural flows from retail to the equity markets at around $30-35 billion per annum

Despite the stock markets ruling at record high levels, the inflows into equities as an asset class by Indian households remains in single digit, suggests a recent note by Jefferies. Investment into property / real estate, gold and bank deposits are still among the top draws for savers.

Equities, as a percentage of the Indian household assets, valued at $11.1 trillion in March 2023, according to a Jefferies note co-authored by Mahesh Nandurkar, their managing director along with Abhinav Sinha and Nishant Poddar, stood at 4.7 per cent in March 2023. However, this proportion has grown over the years –