Volatile stock markets and depleted household savings in the US have only led to an increase in household borrowings and credit card debt. Going forward, the consumer’s support to the US economy is expected to dwindle. To protect from such external shocks, gold is a good asset diversifier.
With assets of just Rs 284 crore, Shriram Mutual Fund is India’s smallest fund house. Yet it is one of India’s oldest fund houses and the first fund house to ever get listed on the stock exchange. The fund house is now waking up, but it’s a long walk ahead