The budget may have provided a catalyst to the markets to trigger a re-jig in asset allocations. The finance minister expects to raise ₹15.43 trillion in FY24. Of this, ₹11.80 trillion is to be raised via dated government securities. The remaining are from small savings schemes. These include post office TDs (term deposits), MIS (monthly income scheme), RDs (recurring deposits) and SCSS (senior citizens savings scheme). Incidentally, the investment limits on these schemes were doubled in the budget and coupon (interest) rates were raised a few days prior. That makes these schemes more attractive
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