India’s mutual fund industry is likely to grow in double digits, and the asset under management is expected to cross Rs 50 lakh crore mark over the five years through 2025. Equity funds are expected to vanguard this growth trajectory, with their share expected to rise from the present level of 42 per cent to 47 per cent, which is in line with global peers, said a report by Crisil. India’s favourable demographics, increased financialisation of savings, an inflation-targeting regime, and rising per-capita income are believed to be the major factors contributing to the growth of mutual funds.
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