Does Mutual Fund Industry Have The Ability To Expand Exponentially?

In this interview, Research Analyst at PersonalFN talks about Indian mutual fund industry and whether it's set for bumper growth or not.

The mutual fund (MF) space in India is one of the most rapidly growing and competitive parts of the financial sector.

In recent years, growing awareness, financial inclusion, and enhanced access to banking, the industry has seen high engagement from retail investors.

According to a report, individuals with a yearly income of less than Rs 5 lakh account for 30% of assets under management (AUM) in the MF space.

The average AUM of Indian mutual fund industry for the month of November 2021 stood at Rs 38.5 lakh crore.