Indian mutual fund industry's assets under management (AUM) are expected to touch Rs 100 lakh crore by 2025, due to lower penetration of the product among households, a top Mahindra AMC official said today. At present, the mutual fund industry has an asset base of Rs 23.5 lakh crore.
"The country's mutual fund industry will touch Rs 100 lakh crore mark by 2025 as there is very low penetration of the product among people," Mahindra AMC Managing Director and CEO Ashutosh Bishnoi said.
