08/03/2024
AUM Sweet AUM: MF industry’s assets to double to Rs 100 lakh crore by 2030, says Axis Capital
The Indian mutual fund (MF) industry’s assets under management (AUM) are expected to double to Rs 100 trillion by 2030, going by an Axis Capital Report titled ‘India Asset Management AUM on the double: Closing in on Rs 100 trillion.’ This implies a compound annual growth rate, or CAGR, of 14 percent over this period (see graphic).
With 42 million investors, MF pe*******on in India is less than 5% of the working-age population. Along with the fact that the average value of monthly systematic investment plans (SIPs) is Rs 2,300, indicates there is ample room for growth, according to the report.
It was only in December 2023 that the Indian MF industry’s AUM hit the Rs 50 trillion mark — a doubling of assets in four years. The industry is expected to continue on its growth trajectory.
