Mutual funds (MFs), which were largely limited to a few urban pockets of India until four years ago, have emerged as a key competitor to traditional savings and investment avenues in recent times.
Reserve Bank of India (RBI) Governor Shaktikanta Das highlighted this fact recently, saying that households were allocating a higher portion of their savings to mutual funds, insurance products and pension funds.
Valuations in Indian markets have become reasonable: Mirae's CIO Surana
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