Household investments in mutual funds (MFs) reached a record Rs 1.8 trillion during the 2022-23 financial year (FY23), largely driven by strong inflows through systematic investment plans (SIPs).
However, their share in the total household savings declined slightly -- to 6.1 per cent from 6.2 per cent in FY22, according to data from the Reserve Bank of India (RBI). In FY21, this figure had been a mere 1.3 per cent.
