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The Indian mutual fund (MF) industry has witnessed a remarkable transformation, with its Assets Under Management (AUM) soaring from ₹9.75 trillion in June 2014 to ₹61.16 trillion in June 2024, marking a more than six-fold increase in just a decade. This impressive growth has been fueled by a growing investor base, which has expanded from 19 million in December 2018 to over 40 million currently.
Despite this progress, the industry’s penetration level remains relatively low, with only a small fraction of India’s 1.4 billion population investing in mutual funds. In fact, the number of e-commerce users and food delivery app users far exceeds the number of mutual fund investors, highlighting the vast potential for growth. The recent surge in AUM, with the last ₹10 trillion increase occurring in just 13 months, underscores the industry’s momentum and potential for continued expansion. As the industry continues to evolve, it is clear that India’s growth is being funded by Indians, with the mutual fund industry playing a vital role in channeling savings into investments and driving economic growth.
Given this as a background, the BFSI Committee of the Bombay Chamber will be organising the Mutual Fund Conclave 2024 on India’s Growth Funded by Indians on 8th October, 2024 at Hotel St. Regis, Lower Parel, Mumbai from 10.30 am onwards. The conclave 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.
