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The Indian mutual fund industry remains highly underpenetrated. Of the total 43.50 crore individual PAN holders, 3.36 crore individuals PAN holders are invested in mutual funds which is merely 8% of the total individual PAN holder, shows the latest AMFI data.
These 3.36 crore individual PAN holders have opened close to 13 crore MF folios as on June, 2021, shows the data.
MF penetration to the total population
In terms of MF penetration to the total population, India has just 2.5% of its total population invested in mutual funds.
US has the highest population percentage investing in mutual funds at 46%. China closely followed US at 44%. Japan is the third in terms of MF penetration at 20%.
AUM to GDP ratio
India's AUM-to-GDP ratio is 18% in FY 2021. This ratio in US is 120%, Canada is 81% and France is 80%.
It has grown by 31% over the last one year i.e. from 14% to 18%.
Mutual fund AUM (as a % of total banking deposits)
Mutual fund AUM as a percentage of total bank deposits also peaked at 20% in FY 2021.
US has the highest MF AUM to bank deposits at 161%. China and Japan followed US with MF AUM to bank deposits at 46% and 29%.
