Even temples now believe in mutual funds. Do you?

Summary: Maharashtra's new policy could unlock lakhs of crores into India’s capital markets. What does this mean for your investments? And how can you ride this liquidity wave? Read the full story to find out. Something remarkable just happened in India’s investment landscape. The Maharashtra government has greenlit a proposal allowing close to 60,000 public trusts — including temples, educational institutions and charities — to invest up to 50 per cent of their funds in instruments like mutual funds and bonds. Yes, that means even reputed temple trusts like Shirdi Sai Baba and Siddhivinayak could soon be investing through SIPs. This isn’t just a finance headline. It’s a sign of India’s growing trust in capital markets. FDs are out, funds are in Let’s take stock of the shifting mindset. Until now, trusts in Maharashtra were largely limited to traditional fixed-income investments. As per a Mint report, they could invest in mutual funds only after receiving approval from the charity commissioner. But this new policy could tri

This article was originally published on July 28, 2025.