The ICICI impetus


The spectacular rally of the Indian equity markets during the past three to four years has proved to be a catalyst for attracting new investors. But the volatile nature of the financial markets has led many investors to pursue less risky investments while still buying local equities.

"The recent spike in volatility has served to increase risk-aversion among investors," says Ashish Kehair, head of structured products at ICICI Bank in Mumbai. "This has resulted in huge demand for capital-protected

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