Assets under management (AUM) for the domestic mutual fund (MF) industry are expected to soar to Rs 92 trillion by 2029-30. This will imply growth of 12.7 per cent annually between FY21 and FY30. The industry’s AUM at the end of June 2021 quarter stood at Rs 34 trillion.
In a note titled ‘chasing the long tail’, Elara Capital said financialisation of assets will lead to structural growth for the industry. The brokerage noted that mutual funds are attracting a higher share of money flowing into financial assets. Gross household investments in MFs have grown at a ...
