India's MF assets-to-GDP ratio much lower than global average

The Domestic mutual funds industry has come a long way with current assets under management (AUM) topping Rs 30 trillion. However, global brokerage form Jefferies believes the industry still has tremendous growth potential as it has barely scratched the surface when it comes to AUM growth. An analysis done by Jefferies shows that India’s MF AUM as a percentage of GDP at 12 per cent is lowest among the world and a fraction of global average of 63 per cent.
 

Smaller emerging market peers such as Brazil (ratio of 68 per cent) and South Africa (48 per cent) boost of