Moneycontrol PRO
Check Credit Score
Check Credit Score
HomeNewsBusinessMutual Funds

AMFI Chairman sees MF industry assets touching Rs 95 lakh cr by 2025

The AUM 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.

June 29, 2017 / 04:30 PM IST

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.

first published: Jun 29, 2017 04:30 pm

Discover the latest business news, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347