Where do rich Indians invest their wealth?

The Wall Street Journal carries an interesting report on how India's rich invest their money. The report talks about a recent study done by Capgemini and Merrill Lynch Wealth Management, who found that India has around 130,000 people with investable assets of more than US$ 1 m. And where do these rich invest their money? The study found that a bulk of it is in stocks, bonds, and mutual funds. In fact, around 50% of their funds are parked in these assets. Out of the rest, around 50% is into real estate, including real estate funds. And then come other avenues like private equity, art, foreign funds, and gold. 

Such a diversification is not really possible for investors who do not have so much surplus funds to invest. You might be one of them. For you, it would make sense to stick with carefully selected stocks and mutual funds, as well as gold. But then, apart from just investing, you also need to closely track your portfolio of stocks and mutual funds. The rich do this through their relationship managers. What about you?