Women’s participation in mutual funds has surged, with AUM doubling in five years to Rs 11.25 lakh crore. Long-term investing, SIP adoption, and equity allocation have increased, while debt fund interest declined. More women are opting for direct plans, and younger investors in smaller cities are driving mutual fund growth.
RBI eases restrictions on cash credit accounts, eases current account norms
The Reserve Bank of India has lifted all restrictions on banks opening and maintaining cash credit accounts, offering greater flexibility for short-term working capital loans.