The Wall Street Journal Ashalata Maheshwari, right, at her residence in Mumbai. At a time when individuals in India are disenchanted with the stock market, Mumbai resident Ashalata Maheshwari, 77 years old, is a rare champion for stocks. Ms. Maheshwari has been investing in Indian companies for five decades, and though many have gone bust over the years, shares in others have gained enough value to give her confidence that equities are the best investments over the long term. "Stocks have given me the best returns because I have rarely sold them," Ms. Maheshwari told The Wall Street Journal in an interview at her Mumbai home. "Patience is key to stock market investments," she said. The Reserve Bank of India says stocks comprise less than 5% of the savings of Indian households, which have traditionally invested in gold and real estate. Many individuals turned to the stock market for the first time between 2007 and 2009 when India was booming and people had plenty of ...
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