If I just agreed of the investment in mutual funds with the price of RS 500.00,
Because of less earning.
So which will be the best mutual funds to b invest in.
"Due to a lot of poor people in India"
I am asking this to make everyone eligible t invest in in Market.
Thanks
Best Regards.
Papan Panda.
Rich, Poor does not really matter in Investing. Its about the savings. One can invest only if they can save.
I know lot of rich / high-earners spend more than they make and live on loans.
Absolutely Right.
The EMI Life
In financial market, there is nothing like “Best”. Things are bad, good, best and worst in different parameters. The parameters to be considered are not poor or rich but risk taking ability, time they want to stay invested in (short term / long term), etc.
India’s staggering wealth gap in five charts
How does inequality in India really look? How much share does the country’s poorest 10 per cent have in its total wealth, how much does the richest, and are the rich getting richer?
We’ve been able to answer some of these questions from new estimates that came out of >Credit Suisse’s Global Wealth Databook 2014.
For one, the difference in the wealth share held by India’s poorest 10 per cent and the richest 10 per cent is enormous; India’s richest 10 per cent holds 370 times the share of wealth that it’s poorest hold.
India’s richest 10 per cent have been getting steadily richer since 2000, and now hold nearly three-quarters of total wealth.
India’s 1 per centers – its super-rich – have been getting richer even faster. In the early 2000s, India’s top 1 per cent held a lower of share of India’s total wealth than the world’s top 1 per cent held of its total wealth. That changed just before and after the global recession – though the world’s super-rich are recovering - and India’s top 1% holds close to half of the country’s total wealth.
Not surprisingly, India then dominates the world’s poorest 10 per cent, while China dominates the global middle class and the United States the world’s rich.
The world’s super-rich – the top 1 per cent – is overwhelmingly American. Indians make up just 0.5 per cent of the world’s super-rich.