There is a large structural growth opportunity in the Indian mutual fund industry, say analysts at Citi Research. In a note to investors titled, “Long runway to grow, resilience to disruption,” they point out that the Indian Mutual Fund AUM / GDP ratio currently stands at 12% vis a vis the global average of 60%. Other countries have seen a greater than 15% CAGR over 10 years after reaching this penetration, believe the analysts.
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