Bank deposits are likely to face competition from Indian mutual funds as households are willing to take more risk, according to a report by Bank of Baroda (BoB).
“Mutual funds have an inherent advantage when it comes to investing as they offer a variety of products depending on the preferences of the investors. Bank deposits have the advantage of being safe and offer conservative but assured returns," BoB said in a report titled -'How serious a threat are mutual funds to bank deposits?'
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