Uday Kotak spots a big shift in India's money habits: Savers turning investors

Uday Kotak highlights a significant transformation in India's financial ecosystem, with savers increasingly embracing equity investments. Mutual fund assets, predominantly in equity schemes, have doubled to 31% of bank deposits post-Covid, signaling a structural shift. While this strengthens domestic risk capital, Kotak advises caution against excessive market exuberance.