News From Press 54% of people choose mutual funds as preferred financial investment option, shows survey

54% of people choose mutual funds as preferred financial investment option, shows survey

Source:Mint Nov 22, 2023

Mutual funds and fixed deposits remain the top choices for financial investments among a majority of people, with 54% and 53% respectively favouring these options, according to the BankBazaar survey.

However, the most popular financial product overall is the humble savings bank account, chosen by 77% of respondents, even though it is not considered an investment avenue.

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