Indian Households Shifting Wealth from Deposits to Mutual Funds, AIFs, Says IDFC FIRST Bank CEO
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India's Wealth Shift: From Deposits to Mutual Funds, AIFs - IDFC FIRST Bank CEO
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Moneycontrol•14-03-2026, 11:28
India's Wealth Shift: From Deposits to Mutual Funds, AIFs - IDFC FIRST Bank CEO
•India's household wealth is increasingly shifting from traditional bank deposits to market-linked investments like mutual funds, PMS, and AIFs.
•IDFC FIRST Bank MD and CEO V. Vaidyanathan highlighted this trend at Moneycontrol’s Global Wealth Summit.
•India's financial assets now stand at $19.3 trillion, with bank deposits still holding a large share at Rs 150 lakh crore, growing 2.6 times in 10 years.
•Mutual fund investments surged 7X to Rs 80 lakh crore, PMS grew 7X to Rs 11 lakh crore, and AIFs expanded 12X to Rs 12 lakh crore.
•The shift is driven by intergenerational wealth transfers and financial institutions expanding wealth management services to a wider customer base.
