 "Illustration: Binay Sinha")
The Rs 20-lakh crore domestic mutual fund (MF) industry is eyeing a near fivefold increase in assets under management (AUM) and an over three-time jump in investor accounts over the next eight years. Industry body Association of Mutual Funds in India (Amfi) has set a target of Rs 95 lakh crore AUM and 130 million investor folios by 2025.
Although the target appears steep, the growth in the past five years has buoyed expectations. The industry AUM have grown nearly three times since 2011-12, a compounded annual growth rate (CAGR) of 23 per cent. Industry officials say the continuous investor
