News From Press In small town India, a shift underway from savings to investments

In small town India, a shift underway from savings to investments

Traditional investment avenues such as bank fixed deposits, post office schemes and gold are losing their sheen

Source: Mint Jul 29, 2021

Ankita Joshi, a 25-year-old teacher from Haldwani, the third largest city in Uttarakhand, started investing in mutual funds through systematic investment plans (SIPs) shortly after getting her first job. She is a pioneer of sorts, for she forayed into investing in equities—something unheard of in her family.

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