The Indian mutual fund industry has undergone remarkable growth over the past decade, securing its position as a cornerstone of the country’s financial ecosystem. The Average Assets Under Management (AAUM) surged from ₹10.96 trillion in October 2014 to ₹67.26 trillion as of October 2024—a more than sixfold increase in just 10 years.
This exceptional growth is driven by enhanced financial literacy, favourable government policies, and rapid technological advancements that have improved accessibility and efficiency for investors. With projections indicating a sustained Compound Annual Growth Rate (CAGR) of 14% through 2030, retail investors are poised to play a crucial role in helping the industry achieve the ambitious ₹100 trillion AUM milestone by 2030.