Key Takeaways from RBI Report on Household Savings (FY 21-23)
1) Bank Deposits: ₹32 lakh crores (up 37%)
2) Pension/PF: ₹17 lakh crores (up 20%)
3) Insurance: ₹16 lakh crores (up 18%)
4) Currency: ₹9 lakh crores (up 10%)
5) Small Savings: ₹7 lakh crores (up 8%)
6) Mutual Funds: ₹4 lakh crores (up 5%)
*The first five categories may result in guaranteed losses due to inflation*
*Mutual Funds: Attractive Returns from below categories*
1) Balanced Advantage: 10-16% returns
2)Multi Asset: 15-25% returns
3) Equity Savings: 8-12% returns
4) Equity Schemes: 20-30% returns
Money is yours
Choice is yours
Decide Wisely
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