Where the rich are investing - 2019

Parag Desai's Investment Mantra and Asset Allocation

An insight into the investment preferences of wealthy Indians

Though the largest share of Parag Desai’s personal wealth is held in debt instruments, his fondness for equities is clear (as a cup of Wagh Bakri Green Tea). “There is no doubt equities come with risk but its return is higher than other asset classes. Besides, there is the advantage of liquidity,” he says. At the same time, the stability that comes from debt investments cannot be ignored. “That is critical when you consider the long term,” he says.