Financial intelligence: Is your city money smart?

Mumbai investors are the most financially intelligent in the country, but the score of 5.8 on a scale of 10 leaves a lot of room for improvement, according to a recent study.

Indian investors do not score very high on financial intelligence, according to a recent study by Ameriprise India. The study was conducted by TNS India on behalf of the financial planning firm in six major cities across India.

It assigned equal weightage to five parameters: the age at which you start investing, portfolio diversification, longterm horizon, goal-based investing and seeking professional help.


While Mumbai investors are the most savvy, their score of 5.8 on a scale of 10 is not very impressive. Delhi ranks second on the Financial Intelligence Index with a score of 4.5, followed by Hyderabad, Pune, Bangalore and Chennai, in that order.



"There are potential areas of improvement across these cities. Mumbai investors need to diversify their portfolios more, Delhi and Hyderabad should start investing earlier, Pune should focus on goal-based investing, while Bangalore and Chennai would do well to seek professional advice," says Kapil Narang, chief operating officer of Ameriprise India Advisory Services.

Here's how investors in these six cities fared on the five parameters.




Scores are on a scale of 10. Equal weightage was given to the five parameters given below.

Mumbai tops the list on this crucial parameter, with over 80% investors starting before the age of 26. In Hyderabad, just one out of five investors wakes up so early.