Retail investors did not benefit from wealth creation in stock market: Kotak Securities
http://economictimes.indiatimes.com...ket-kotak-securities/articleshow/47187102.cms
A report by Kotak Securities shows that almost 25% of the Indian stock market, comprising BSE-200 Index, is owned by foreign investors. Indian retail investors own only 7.1% of the market directly, and another 10.1% through life insurance companies and mutual funds, while this figure has not changed much over the past few years.
Ironically, Indian households have invested about $207 bn in gold over the past seven financial years, while foreign investors have invested $103 bn in India's equity market. It seems that Indians have bought foreign gold as the country imports its entire gold consumption, while foreigners have purchased the Indian equity.