AMFI has estimated that the AUM of the mutual fund industry will touch Rs95 lakh crore by 2025, says A. Balasubramanian, Chairman, AMFI, and CEO Birla SunLife Mutual Fund. He was speaking at the first AMFI Mutual Fund Summit 2017 held today in Mumbai.
The MF industry already touched an AUM of Rs20 lakh crore a few days ago. Even if the industry grows at a 5-year average growth rate, it will easily touch this milestone, says the AMFI chairman and CEO Birla SunLife Mutual Fund. “By doing simple mathematics, we find the industry will reach 95 lakh crore at a CAGR of 23%. I am confident that the industry has the potential to grow at this rate going forward,” he adds.
On folio count, the AMFI Chairman said that the industry will have 13.3 crore folios by 2025. Currently, the industry has 5.60 crore folios, as on March 2017.
Sounding upbeat about the future, he said that the joint efforts of SEBI, AMFI, AMCs and distributors will drive this growth for the MF industry.
