Why Asia's richest banker Uday Kotak is not happy with 'investors from Lucknow to Coimbatore' putting money in stocks

Uday Kotak questions if retail investors should continue investing in stocks due to high valuations. He notes that foreign companies are benefiting from this by repatriating profits. Despite this, local investors remain enthusiastic. Indian shares are among the most expensive worldwide, second only to the US. Mutual funds play a crucial role in supporting the market.