It’s well known that most Indian savers prefer physical assets over financial assets. And actually, in the current times, their default choice is proving to be the best choice they could have made. Astute stock-picking aside, not equity…public or private, not exotic structured products, not even commodities, have delivered return worth salivating over the past five years. Given the low risk appetite, fixed income was a natural safe harbour, but there too investor confidence has been hit after the unexpected hike in the repo rate.