Indian stock market, June 20 -- Billionaire banker Uday Kotak, the founder and director of Kotak Mahindra Bank, highlighted a key transformation underway in India's financial landscape: investors preferring equity markets over bank FDs. However, he also shared a word of caution amid the growing equity culture.

Kotak, in a recent post on social media platform X, wrote, "India's saver turns investor. Post Covid, mutual fund AUM share, mainly equity, has doubled to 31% of bank deposits."

This succinct statement encapsulates a significant shift in the mindset of Indian households - from parking money in traditional bank deposits to actively investing in capital markets, particularly through mutual funds.

Before the COVID-19 pandemic, India...