Low fixed deposit rates, pandemic rally spark interest in mutual funds

The share of mutual fund investments in the mix of bank deposits and mutual funds reached a record 20% in August 2023, up from 13% in March 2020. Despite the lower returns offered by bank deposits, investors are willing to take risks with mutual funds. The decrease in interest rates during the pandemic led investors to put more funds into mutual fund schemes, resulting in a significant increase in assets under management (AUM).

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