Mutual fund industry eyes Rs 100 lakh cr AUM, 10 cr investor base in next decade: AMFI

The mutual fund industry is eyeing a four-fold rise in AUM to Rs 100 lakh crore from existing Rs 25 lakh crore and increase in investor base to 10 crore from current 2 crore over the next decade, according to AMFI-BCG vision document.

The document, targeting penetration in B30 (beyond the top) cities, was released in Mumbai in the presence of Sebi Chairman Ajay Tyagi and mutual fund industry officials.

Diversifying the distribution outreach by leveraging the wide network of banks, post offices across the country, significantly augmenting the distribution base by another 4 lakhs, strengthening direct and digital channels and offering simple savings solutions would be key to Indian mutual fund industry adding 80 million new investors and accomplishing the Rs 100 lakh crore Assets Under Management (AUM) opportunity, AMFI said.

Speaking on the release of document, Sebi chairman Ajay Tyagi said, "I complement the role played by each of the Indian Mutual Fund (MF) players towards the growth of the industry. This has also led to mutual funds becoming the preferred mode of investment and helping in financialization of household savings."