Overview
India's mutual fund AUM reached Rs 65 trillion in FY25, growing at 24% CAGR since FY20. Retail and HNI participation also rose, driven by fintech-led SIP adoption, equity fund outperformance, and expanding reach in Tier-2 and Tier-3 cities.
The retail participation in mutual funds increased from 26% in FY19 to 28% in FY25 and HNI participation also grew from 32% to 35%, showing rising trust across segments, according to a report from 1Lattice, a market intelligence firm.
The report further highlights that India's mutual fund AUM hit Rs 65 trillion in FY25, growing at a 24% CAGR from FY20–FY25. The number of mutual fund folios jumped to 234 million, indicating widening retail participation.