Economy's Idle funds 🤔

What happens if we don't update our  Nominee Details and how much our Economy generates from it?

Under different streams!!!

That's an whooping ₹14,57,42,00,00,000 (₹1.45 Lakh Crores). Annually, these entities provide average rate of return approximately at 10.5% p.a. that means... 🤯 It is almost generating ₹1,53,00,00,00,000 (₹15,300 Crores) on Idle funds itself. 

Now let's break down that ₹14,57,42,00,00,000 (₹1.457 Lakh Crores)

1. Employer's & Employees' Provident Fund

Idle Funds - ₹58,000 Crores generating an average rate of return at 10% equals (₹58,000 Cr × 10% = ₹5,800 Cr)

2. Life Insurance Corporation

Idle Funds - ₹21,500 Crores generating an average rate of return at 11% equals (₹21,500 Cr × 11% = (₹2,365 Cr)

3. Mutual Funds

Idle Funds - ₹24,000 Crores generating an average rate of return at 15% equals (₹24,000 Cr × 15% = (₹3,600 Cr)

4. Bank Deposits 

Idle Funds - ₹42,262 Crores generating an average rate of return at 6% equals (₹42,262 Cr × 6% = (₹2,535 Cr)

Comment your views on Nominee Updates!!!

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