Mutual fund industry's AUM pegged to touch Rs 92 trillion by 2030

Gross household investments in MFs have grown at a compound annual growth rate (CAGR) of 27.3 per cent over FY13-20

Topics
Mutual Funds | mutual fund assets | Indian markets

Samie Modak  |  Mumbai 

Last Updated at July 18, 2021 19:47 IST

Assets under management (AUM) for the domestic mutual fund (MF) industry are expected to soar to Rs 92 trillion by 2029-30. This will imply growth of 12.7 per cent annually between FY21 and FY30. The industry’s AUM at the end of June 2021 quarter stood at Rs 34 trillion.

In a note titled ‘chasing the long tail’, Elara Capital said financialisation of assets will lead to structural growth for the industry. The brokerage noted that mutual funds are attracting a higher share of money flowing into financial assets. Gross household investments in MFs have grown at a …

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First Published: Sun, July 18 2021. 19:47 IST