A retail boost to mutual funds
The Indian Mutual Fund (MF) industry is expected to witness explosive growth over the next five years. A study by McKinsey & Company projects the MF industry’s assets under management (AUM) to grow at a CAGR of 33 per cent over the next five years, taking the AUM of the overall industry to nearly Rs 16 lakh crore, a four-fold increase over current levels.
The Indian Mutual Fund (MF) industry is expected to witness explosive growth over the next five years.
The retail segment is projected to grow at a CAGR of 36-42 per cent to Rs 6.5-8 lakh crore, increasing its share in the overall AUM pie from 42 per cent at present to 46 per cent by 2012.
However, the share of the institutional segment is expected to fall from 46 per cent now to 39 per cent.
— Mahesh Nayak
