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‘Let’s be alert’: Mutual funds now 31% of deposits; Uday Kotak urges balance amid growing investor appetite
Veteran banker Uday Kotak has observed a significant trend in the Indian financial landscape, where households are increasingly shifting from traditional savings to investment in financial markets. In a recent post on X (formerly known as Twitter), Kotak remarked, “India’s saver turns investor.” This transition, he noted, is particularly evident in the growth of mutual