Savings in MFs drops 40% in FY14: RBI

Savings in deposits and small savings of individuals increased in the 2013-14, while saw a drop in mutual funds and currency.

Aug 25, 2014 04:08 IST India Infoline News Service

According to the RBI's Annual Report 2013-14, savings in deposits by the household sector increased by Rs. 1 trillion in a year to Rs. 6.91 trillion in 2013-14 as against Rs. 5.91 trillion in  2012-13.

Net financial savings of household sector increased 13% to Rs. 8.19 trillion as against Rs. 7.22 trillion in the previous year.

Savings in deposits and small savings of individuals increased in the 2013-14, while saw a drop in mutual funds and currency.
Saving by individuals in Mutual Funds (through shares and debentures) declined over 40% to Rs. 21,000 crore in 2013-14 as compared with Rs. 35,000 crore a year ago.


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