HNIs preferring FDs over debt mutual funds: Report

High Net Worth Individuals (HNIs) in India are turning away from debt mutual funds towards bank fixed deposits (FDs) due to recent tax changes and rising interest rates, according to a report by Motilal Oswal Financial Services. HNIs also prefer AIFs and PMS, as mutual funds are becoming more commoditised. The report showed that HNIs have failed to maintain higher-ticket systematic investment plans (SIPs) due to the low returns via this route.

from Banking/Finance-Industry-Economic Times https://ift.tt/gtdWpf4