“A large number of savers are turning investors,” said DP Singh, deputy managing director, SBI Mutual Fund. “Many of them are coming into equity mutual funds through systematic investment plans, to meet their long-term goals.”
Banks unlikely to reduce deposit rates despite RBI easing
Following the latest repo rate decrease, bankers foresee only slight adjustments to deposit rates. The landscape, characterized by sluggish savings yields and elevated credit-deposit ratios,