MUMBAI, Jan. 29 -- Bank deposits have steadily lost prominence in Indian households' financial savings as mutual funds and equities capture a larger share.

Bank deposits now account for just 35% of annual financial savings in fiscal year 2024-25 (FY25), down sharply from 58% in FY12, according to the Economic Survey for 2025-26, tabled in Parliament on Thursday.

This decline has been largely offset by a rise in investments in mutual funds (MFs) and shares, whose combined share jumped from 1.8% to 15.2% over the same period. The shift has coincided with a steady rise in systematic investment plans (SIP) contributions, with average monthly SIP flows increasing seven times - from under Rs.4,000 crore in FY17 to over Rs.28,000 crore in FY26...