Investor Presentaiton

Fund Authority National Centre for Financial Education (NCFE) Report (2019) on Financial Literacy and Inclusion in India • Financial Literacy and Inclusion Survey was conducted in 2018-19 • As compared to global figure on achieving minimum target score for inclusion in financially literate group, Indian figures appear better on financial behaviour (53%) and attitude (89%), while it is slightly lower for financial knowledge (49%). • The survey found that, on an average, only 27% of Indian population was financially literate. This was higher than 2013 survey figure (of 20%). DISTRIBUTION OF RESPONDENTS QUALIFYING BY SCORES FOR COMPONENTS OF FINANCIAL LITERACY Central East North Education Investor & Protection IEPF Financial Attitude >=3 points Financial Behaviour >= 6 points % of Respondents Qualifying for Financial Knowledge Financial Literacy >= 6 points >= 15 points 5 points 9 points 8 points 88% 51% 41% 22 points 21% 92% 52% 31% 20% 91% 53% 56% 32% NorthEast 84% 47% 56% 33% South West 88% 52% 64% 30% 85% 61% 52% 37% All-India 89% 53% 49% Figure 2. Financial Literacy Score 27% (Source: Adopted from NCFE report (2019) on financial literacy) 8 Prof. Kamakhya Nr. Singh. IEPFA Research Chair

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