Mumbai, the financial capital of India, has emerged as the most risk-averse among the top cities in Asia and Australia, according to a survey, conducted by HSBC India.

The survey, Asia's Prize Affluent New Symbols of Wealth, said 87 per cent of Mumbaiites prefer to invest in savings plans, while 35 per cent of consider investing in children's education as a major avenue to wealth growth.

Mumbai also emerged as the most-confident about knowledge and skills in growing wealth.