Mutual funds industry's AUM rises to Rs. Will reach 92 trillion

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Mumbai: Assets under management (AUM) of the domestic mutual funds industry is expected to grow to Rs 4 trillion in the next nine years. According to a report, AUM is expected to grow at an annual rate of 14.50 per cent by FY2050.

At the end of the June quarter of the current year, the mutual fund industry's AUM stood at Rs 3 trillion.

The increase in AUM is due to the increase in investment through fund houses in various types of assets in the country. Retail investment in mutual funds has seen a compound growth of 2.50 per cent between FY2030 and FY2030.

The AUM of mutual funds against GDP in India is only 15 per cent while the global average is 9 per cent, thus allowing the country to increase its AUM to GDP.

The report also noted that the flow of mutual funds in India has been very slow compared to emerging countries like Brazil and South Africa.

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