Himadri Buch Moneycontrol News
The assets under management of the mutual fund industry is expected to touch Rs 95 lakh crore by 2025, said Association of Mutual Funds of India Chairman A. Balasubramanian.
He was speaking at AMFI Mutual Fund Summit 2017 held today in Mumbai.
Balasubramanian estimated the industry to touch Rs 95 lakh crore after considering the average of the last five years.
"Even if the industry grows at a 5-year average growth rate, it will easily touch this milestone. By doing simple math, the industry will reach 95 lakh core at a CAGR rate of 23 percent, we are confident that the industry has a potential to grow at this rate going forward," he said.
He further said that MF industry AUM has already touched Rs 20 lakh crore a few days ago.
As on May end, the AUM of the 43-player MF industry stood at 19.3 lakh core.
Speaking on MF folios, Balasubramanian said that the industry will have 13.3 crore folios by 2025. Currently, the total folios of the industry is 5.60 lakh crore.
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