The Indian mutual fund industry, which has witnessed over five-fold growth in Assets under Management (AUM) in the last ten years, is well on track to surpass the Rs 100 lakh crore AUM mark in the next two-to-three years, according to ICRA Analytics.
The industry’s AUM, which had crossed the Rs 50 lakh crore mark for the first time in December 2023, has surpassed Rs 60 lakh crore in a span of just six months and stood at Rs 61.16 lakh crore as on June 2024.
