Are Indians investing more, or are asset-rich Indians getting richer? Zerodha's Nithin Kamath sparks debate online

India's financial assets have grown significantly since 2020, with mutual fund assets under management (AUM), bank deposits, and equity holdings increasing. However, it is unclear whether this growth reflects broader market participation or wealth concentration among existing investors. Zerodha's Nithin Kamath has sparked an online debate about the distribution of wealth in the Indian financial market.