Mutual fund industry is likely to double its investor base and register growth in next three years, a top official of a leading mutual fund house said.
The industry is betting big on investor awareness initiatives like Mutual Fund Day to achieve the goal.
The MF industry has seen a moderate growth in investor folios-from 4.7 crore to 5.3 crore in last five years-while retail participation has shown a healthy growth with overall MF AUM touching Rs 18 trillion at presentfrom Rs 3.5 trillion in 2007.