The shift in savings behaviour is starkest when evaluated in terms of the savings mix – physical versus financial savings. For only the second time in nearly two decades, the share of financial savings has outstripped physical savings in financial year 2017. But there has also been a massive shift in the ‘Shares, Debenture and Mutual Funds’ category, from 0.3% to 1.2%. In short, what the financial sector saw post demonetization wasn’t a one-time event, but a structural break-out that has deepened and widened the financial market in India. The strong growth of AIF presents interesting opportunities and a firm base for Indian capital to start funding new Indian ideas.

Source: dna May 25, 2018 02:48 UTC