News From Press Bank Deposit vs Mutual Fund investment: Data reveals the most preferred instrument of financial savings

Bank Deposit vs Mutual Fund investment: Data reveals the most preferred instrument of financial savings

Source: Financial Express Oct 29, 2022

While the quantum of bank deposits remains much larger than mutual funds, the latter is quickly emerging as the preferred instrument for financial savings. According to Bank of Baroda economist Dipanwita Mazumdar, changing financial landscape, volatility in the interest rate regime and increasing risk-taking appetite have led to a change in the pattern of deployment of financial savings.

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