Just one in seven people with savings in India are aware of mutual fund investment opportunities, Livemint.com (India) reported Tuesday.
Mutual funds are most popular in urban areas, as well as in northern India and in well-developed western states like Gujarat and Maharashtra, according to Kalyan Karmakar, Associate Director, Customized Research, Nielsen.
Meanwhile, investors in the eastern and the southern regions of the country still focus on land and gold, Karmakar noted.
“There is a huge portion of India which is yet to participate and be a part of the mutual fund bandwagon,” he told Livemint.
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