Indian households are moving beyond bank deposits and increasingly exploring avenues such as equity instruments and investment funds to deploy their savings, according to a research paper authored by the RBI staff.
While deposits have maintained their dominant position in the total financial wealth of households over the last decade, there has been a growing interest in other investment instruments such as equity and investment funds, insurance, and pension funds. Additionally, the share of equity and investment funds in the total financial wealth of households increased by more than 50 per cent between 2011-12 and 2022-23, the report said.
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