New Delhi, Oct. 16 -- India has seen a sharp rise in financial assets and retail participation in the markets since 2020, but does this mean more Indians are investing, or are those who already have substantial wealth accumulating more assets?

Zerodha founder and CEO Nithin Kamath has raised this question through a series of charts tracking the growth of India's financial savings, equity holdings and market activity between 2015 and 2026.

In a post on X, Kamath mentioned, "Are Indians investing more, or are the asset-rich Indians getting richer?" The accompanying charts highlight how financial assets have grown across mutual funds, bank deposits, retail equity holdings, high-net-worth individual (HNI) holdings, domestic institutional in...