India's household financial assets shift over 2014-2024:
Savings accounts: 21% to 17%
Fixed deposits: 33% to 23%
Insurance: 23% to 21%
Equities: 7% to 12%
Mutual funds: 5% to 11%
The data shows a clear trend of Indians moving away from traditional fixed-income instruments towards more market-linked investments.
All Thanks to new age digital platforms !!!