ET Alpha Wealth Summit | Wealthy Indians are still way underinvested in global stocks, says PPFAS's Rajeev Thakkar

At the ET Alpha Wealth Summit, PPFAS Mutual Fund's Rajeev Thakkar argued that wealthy Indian investors are structurally under-allocated to global equities, recommending increased exposure through the Liberalised Remittance Scheme or GIFT City's Overseas Portfolio Investment route. He cautioned that thematic investing alone does not create lasting wealth, citing failed themes in Indian aviation, cellular telephony, and renewable energy, and stressed the need for long-term, diversified wealth preservation over tactical asset rotation.