Tag: fixed deposit rates

MUMBAI: Low deposit rates coupled with a raging bull market during the pandemic helped increase the share of mutual fund investments in the mix of bank deposits and MFs to a record 20% as of August 2023. In March 2020, mutual funds' share stood at 13%.Despite the safety and the guarantee of fixed deposits, investors don't mind taking some risks with MFs, a report by Bank of Baroda said. This is because bank deposits were offering much lower returns compared to mutual funds till recently."During the pandemic, when...