"If you don't find a way to make money while you sleep, you will work until you die." - Warren Buffett
Ace investor Warren Buffett makes it amply clear that if you want to make big money, you must invest in equity markets.
And what better way to invest in the financial markets than in investment and finance companies? Investing in Indian investment and finance stocks seems lucrative because these companies are rapidly developing.
The investment and finance sector in India mainly consists of the capital markets (asset management, broking, wealth management, investment banking, depository companies) and non-banking financial companies (NBFCs).
The market regulator has also allowed new entities such as payments banks to be created recently thereby adding to the types of entities operating in the sector.
With rising income levels, increasing awareness, and benefits of equity markets, a high growth rate is seen in the total AUM of the mutual funds.
The growth of the financial sector can be attributed to rise in financial inclusion, increasing penetration of financial assets, wider participation in equity markets and technology adoption
By 2028, India might become the 4th largest private wealth market globally.
India has a number of robust banking companies, non-banking finance companies (NBFCs), and insurance companies. These companies are developing rapidly. They are inevitable for the country's development.
Hence investing in investment and finance companies seems like a smart choice.
To know which finance stocks offer a great return on equity, you can check out the top finance stocks offering the best shareholder returns here.
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