 "mutual funds, MFs")
Retail investors have put more money in mutual funds than what India’s government allotted this year for building roads, bridges and other long-term assets.
Total mutual fund assets of retail investors across schemes touched Rs 10.07 trillion as of March 2023, shows data compiled by the Centre for Monitoring Indian Economy (CMIE). That money is a little more than what Union Budget 2023-24 allotted (Rs 10.01 trillion) for capital expenditure. The mutual fund figure will rise to Rs 23.7 trillion if one includes investments made by high-networth individuals (HNIs). The share of the two kinds of
