₹20,000 crore, the highest ever. This comes amid other data from the government showing that net household financial savings in 2022-23 shrank from the previous year, as borrowings jumped over 70% and physical assets grew 17%.
These numbers are for a period more than a year ago and so the trend might have shifted in the ensuing 12 months, but if not, gross MF inflows rising every passing month while net financial holdings diminish would create big-picture dissonance for market participants. This, over and above political uncertainty and corporate sluggishness, could also weigh on investment decisions in the near term.
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