India’s mutual fund industry is poised for unprecedented growth, setting its sights on a monumental $1 trillion (₹83.5 trillion) Assets Under Management (AUM) target by 2030. This ambitious goal will be the central theme, dubbed “The Trillion Dollar Dream,” at the fourth edition of the Moneycontrol Mutual Fund Summit, scheduled to take place on June 23, 2025, in Mumbai. The summit aims to bring together a powerful confluence of financial experts, industry leaders, regulators, and stakeholders to strategize and accelerate this transformative journey.
The Indian mutual fund industry has witnessed remarkable growth in recent years, with AUM already crossing the ₹70 trillion milestone in March 2025 and reaching an all-time high of ₹72.2 lakh crore by May 2025. This impressive trajectory, marked by a 20% CAGR over the past decade, significantly outpaces global counterparts like the US (8% CAGR). The surge is primarily fueled by a burgeoning retail investor base, particularly through Systematic Investment Plans (SIPs), and increasing financial inclusion in Tier 2 and Tier 3 cities (B15 and B30 cities), whose contribution to AUM has steadily risen.
The Moneycontrol Mutual Fund Summit, presented by HDFC Mutual Fund and powered by Axis Mutual Fund, will serve as a crucial platform for discussing the roadmap to achieving the $1 trillion AUM goal. Key discussions will revolve around:
- Expanding Financial Inclusion: Strategies to bring more first-time investors into the mutual fund fold, particularly from beyond the top 30 cities.
- Leveraging Technology and Digitalization: The role of digital platforms and AI in democratizing investing, enhancing accessibility, and streamlining investor experience.
- Evolving Regulatory Frameworks: Discussions on how SEBI’s initiatives, such as mandating direct plans, increasing transparency, and strengthening risk management, will continue to foster trust and growth.
- Investor Education and Awareness: The importance of educating new investors about risks, realistic return expectations, and navigating market volatility.
- Product Innovation: Diversifying product offerings to cater to varied risk appetites and investment goals, including the growing popularity of hybrid schemes and Gold ETFs.
- Addressing Structural Constraints: Exploring potential reforms to allow mutual funds to manage long-term capital from pension and insurance pools, similar to Western economies, to unlock greater scale.
Prominent speakers at the summit will include Amarjeet Singh, Whole Time Member, SEBI; Navneet Munot, MD and CEO, HDFC Asset Management Co. Ltd. and Chairman, AMFI; Nilesh Shah, MD, Kotak Mahindra AMC; Radhika Gupta, MD and CEO, Edelweiss Mutual Fund; and DP Singh, Deputy Managing Director and Joint Chief Executive Officer, SBI Funds Management. Their insights will be critical in shaping the narrative around investment growth and economic foresight.
Nalin Mehta, Moneycontrol Managing Editor and Chief AI Officer – Editorial Operations, Network18, highlighted that the mutual fund industry is “at the heart of India’s retail investor boom” and emphasized that “The Trillion Dollar Dream” theme captures various aspects of India’s journey, from financial inclusion to the changing demographics of retail investors
.
The industry’s strong performance, with domestic investors consistently offsetting foreign outflows and mutual fund assets now constituting over 31% of bank deposits (up from 12.6% in 2015), underscores its increasing significance in India’s financial landscape. As the country becomes the world’s fourth-largest economy, the push towards a $1 trillion mutual fund AUM reflects India’s ambition to deepen its capital markets and empower a new generation of investors.
Key Highlights:
- India’s mutual fund industry is targeting a $1 trillion (₹83.5 trillion) AUM by 2030, a goal that will be the focus of Moneycontrol Mutual Fund Summit on June 23, 2025.
- The industry has already seen significant growth, surpassing ₹70 trillion AUM in March 2025, driven by retail investors, SIPs, and increased penetration in smaller cities.
- The summit will gather top industry leaders, regulators, and financial experts to discuss strategies including expanding financial inclusion, leveraging digital tools, evolving regulatory frameworks, and enhancing investor education.
- This ambitious target highlights the mutual fund industry’s growing importance in India’s financial landscape and its potential to further deepen capital markets and empower new investors.