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The mutual fund industry in India is experiencing rapid growth, projected at a CAGR of 21.5% by 2027. Industry AUM milestones, from ₹10 trillion in 2014 to ₹46.38 trillion by July 2023, underscore this expansion. The sector achieved 10 crore folios in May 2021, with 15.14 crore accounts as of July 31, 2023. Regulatory support, equity-linked saving schemes, and technological advancements shape this growth narrative.
However, despite significant potential, India’s AUM-to-GDP ratio at 16% lags behind the global average of 75%, highlighting prospects for future expansion. Internet penetration rate in India went up to nearly around 50 per cent in 2022, from just about 4 per cent in 2007, however more than 80 per cent AUM still come from the top 30 cities in the country. India’s demographic advantages drive middle-income bracket households to explore mutual funds for financial planning, though only 2% of the population invests.
Given this as a background, the BFSI Committee of the Bombay Chamber will be organising the Mutual Fund Conclave 2023, Titled ‘Charting Tomorrow’s Portfolio’ which will delve deeper into the present and future scenario of the Mutual Fund market, its penetration beyond the top tier cities, what today’s investors are looking for, along with navigating the regulatory scenario.
