SEBI: Investments in mutual funds stood at the sixth place
Apr 06 2017
News Category: Industry Update
According to a survey by SEBI, more than 95% Indian households prefer to park their money in bank deposits, while less than 10% opt for investing in mutual funds or stocks. Mutual funds stood at the sixth place while life insurance was second most preferred investment vehicle, followed by precious metals, post office savings, and real estate. The survey was done across urban and rural areas in the country and was commissioned in the year 2015 and got completed in 2016.