India just waking up to mutual fund investments; US has more than GDP in AUM, India lags at this much

Mutual fund penetration in India is much lower than the world average and many other developed economies. While the US has its AUM more than the country’s GDP at 103 per cent, it is only 11 per cent in India. The world average is 55 per cent. Low penetration of mutual funds in India is also evident from the equity mutual fund AUM to GDP ratio of 4 per cent, compared with 63 per cent in the US, according to the CAMS DRHP. Even the current level is achieved when the mutual fund industry’s AUM grew at a CAGR of nearly 24 per cent between March 2014 and March 2019.

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