Experts note a smooth reversal from deposits to investments in the Russian market

From the beginning of the cycle of mitigation of monetary policy, the deposit bets on deposits systematically began to sink. This contributed to the growth of the activity of retail investors.

In the first half of the year in VTB, the total supply of funds in bond funds and trust management strategies, including foreign exchange, exceeded 13.6 billion rubles (PyFs – 5.5 billion, DU – 8.1 billion rubles). This is 3 times more than in the same period last year.

The most popular tool for retail investors has become balanced funds, showing a record total line of funds in the amount of 137 billion rubles from the beginning of the year. Such dynamics indicates the readiness of investors to gradually increase the share of shares in the portfolios while maintaining a protective component in the form of debt instruments.

“The period of extremely high bets on deposits led to the concentration of funds on deposits both in retail investors and investors. Now we are observing a smooth turn turn towards investment strategies. At the same time, investors still retain caution and prefer balanced and bond funds, guided by the principle of “you go quieter – you will be further”, ”commented Dmitry Breetenbicher, a member of the VTB Board.

According to the Central Bank, in total in the market in 2025, bond funds attracted 104 billion rubles, confirming the demand for conservative strategies. A significant influx was awarded to ZPIFs of real estate (48.5 billion rubles) and BPPs of precious metals (9 billion rubles), which reflects interest in alternative assets. At the same time, the shares received 7 billion rubles.

According to the bank experts, the contribution remains a favorable conservative tool, the conditions for which are still attractive for retail customers and allow you to increase their income ahead of inflation with a pace.

“The volume of ruble deposits of individuals in Russia for the first half of the year increased by 6.9 % and exceeded 57.3 trillion, the total portfolio of the population in bank accounts amounted to more than 60.6 trillion rubles. According to our calculations, in the first half of the year, depositors earned 4 trillion rubles of interest income – 50 % more than for the same period last year, ”added Dmitry Breetenbicher.