Outlook for mutual fund industry - source-Amfi 2024
Mutual fund distributors vs insurance agents
No of live mutual fund distributor (ARN) 152095
Number of individual insurance agents in India 2793048
Ratio of MF distributor to insurance agent 1:18
Break-up of household financial savings into investment asset as on march 2022
Bank deposit 52% Liffe insurance funds 23.9% Currency 13% Mutual funds 9.7%
Mutual fund penetration is low in india, so it create golden opportunity for mutual fund distributor. In next decade mutual fund industry will be of 100 lac crore.
Mutual fund's AUM surpassed significant milestones INR to trillion in May 2014, 20 trillion in august 2017, 30 trillion in nov 2020 and 52.74 trillion as on Jan 31, 2024 around 6 fold increase in a span of 10 years. The indian MF industry expected to reach 0.66 trillion by 2024 and to reach USD 1.51 trillion by 2029 at a C6AR greater than 18% during the forecast period (2024-2029).
Indian mutual fund industry :-
AUM value in USD trillion CAGR > 18%
Mutual funds are a big part of india's financial services industry. They offer various investment options to retail investors an give institutional investors a low-risk opportunity to create new products or add flexibility to their portfolios. It is one of the fastest growing markets in the world. In recent years mutual fund industry in india has experienced a surge in growth. This is primarily attributed to the increasing population and wealth of nation. Mutual fund SIP contribution have increased more than three fold over past seven gears. so In next decade mutual funds industry is going to outspace and its going to be benefical or both investors MF distributors.