The budget should help channel savings into appropriate sectors3 min read . Updated: 21 Jan 2022, 01:24 AM IST
Conversion of savings into capital-market investments can boost the funding of our economic growth
As on 31 December, India’s mutual fund (MF) industry had ₹37.72 trillion in assets under management (AUM), representing more than a six-fold growth over its AUM of ₹6.11 trillion 10 years ago. There has been a spectacular rise in channelizing savings into investments. But the potential for a further rise is enormous, as is evident from Reserve Bank of India data that shows time deposits with banks were at ₹132.51 trillion as of 31 March, which is over four times the MF industry’s AUM.
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