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Households are increasing their investments in stocks and mutual funds.
The investment by households in shares, debentures, public sector bonds and mutual funds has seen a three-fold increase in 2005-06 at Rs 29,452 crore, compared to Rs 8,113 crore in 2004-05, according to data released by the Reserve Bank of India in its Handbook of Statistics on Indian Economy.
If outflows from UTI are left out, the fresh money inflow in shares and mutual funds in 2005-06 rose six-fold to Rs 29,008 crore (Rs 4,967 crore).
Only five per cent of total household money was invested in shares and mutual funds in 2005-06.
But this is significantly lower than the 12 per cent that households invested in the stock market and mutual funds during the stock market boom of 1994-95.
Conversely, though, the dotcom and stock market boom of 2000-01 saw only 4.11 per cent of household money entering the stock markets.
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