Where the rich are investing 2015

"The first leg of recovery will come from consumption rather than investments"

Insights from India's leading private wealth advisors at Outlook Business’ 4th annual roundtable, Upper Crest - Part 1

After the initial euphoria in 2014, the current calendar year has proved to be an anti-climax, with volatility ruling the roost. The Sensex, at one point, came tantalisingly close to its May 2014 level. With the benchmark indices still in the red year-to-date and the other big asset class — real estate — in the doldrums, India’s rich are sticking to equities, even as they flirt with start-ups, the new alternative asset class in town. For the fourth year in a row, Outlook Business got the country’s top wealth advisors to talk about their outlook for various asset classes and their asset allocation advice to clients. Over the 90-minute roundtable, the wealth advisors sounded confident and hopeful about 2016.