India Mutual Fund Market Size
| Study Period | 2019 - 2028 |
| Base Year For Estimation | 2022 |
| Forecast Data Period | 2023 - 2028 |
| Historical Data Period | 2018 - 2021 |
| CAGR | > 21.50 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
India Mutual Fund Market Analysis
As a result of COVID-19-induced lockdowns, the mutual fund industry's SIP collections fell by 4% to INR 96,000 crore in FY 2020-2021. This resulted in income uncertainty. Many investors chose to halt their SIPs as a result of the pandemic. From a peak of Rs 8,641 crore, the contribution fell for 11 months in a row before breaking through to new highs.
The average assets under management (AAUM) of the Indian Mutual Fund Industry for February 2022 stood at INR 38,56,140 crore. The industry’s AUM had crossed the milestone of INR 10 trillion (INR 10 lakh crore) for the first time in May 2014. In around three years, the AUM increased more than twofold, and in August 2017, it crossed INR 20 trillion (INR 20 lakh crore) for the first time. The AUM size crossed INR 30 trillion (INR 30 lakh crore) for the first time in November 2020. The industry's AUM was INR 37.56 trillion (INR 37.56 lakh crore) as of February 28, 2022.
The rising digital penetration, smart cities, and increased data speeds also facilitate the drift of asset shares toward smaller cities and towns. The increased retail contribution through SIPs shows the level of digital penetration in India.
The total number of accounts (or folios, as per mutual fund parlance) as of February 28, 2022, was 12.61 crore (126.1 million units).
India Mutual Fund Market Trends
This section covers the major market trends shaping the India Mutual Fund Market according to our research experts:
Growth in Mutual Fund Assets
The strong performance of the equity markets and net inflows to equity schemes led to an increase in the asset size of the mutual fund (MF) industry. For the quarter ended December 31, 2021, the average assets under management (AAUM) of the industry were worth INR 36.17 trillion, registering a growth of nearly 30% over a year.
The value of the assets held by individual investors in mutual funds increased from INR 17.18 lakh crore in February 2021 to INR 21.02 lakh crore in February 2022, an increase of 22.32%. The value of institutional assets increased from INR 15.11 lakh crore in February 2021 to INR 17.54 lakh crore in February 2022, recording an increase of 16.08%.
To understand key trends, Download Sample Report
Mutual Fund SIPs Register Significant Growth
Owing to the large number of new first-time investors entering the market and the simplicity of registering SIPs through online fintech portals, the number of SIPs and monthly collections has increased. However, the average ticket value per SIP has decreased. In December 2021, the average SIP ticket size fell to INR 2,303 per SIP, down from INR 3,313 in December 2017. Monthly SIP receipts, on the other hand, increased by 77% to INR 11,005 crore in December 2021, compared to INR 6222 crore in December 2017.
According to distributors, the number of SIPs increased by 41% in the last year, going from 3.47 crore running accounts to 4.91 crore accounts, as many new investors entered the market.
India Mutual Fund Industry Overview
The report includes an overview of MF companies operating across India and a few other countries. It presents detailed profiles of a few major companies, covering product offerings, the regulations governing them, their headquarters, and their financial performance.
India Mutual Fund Market Leaders
HDFC Mutual Fund
ICICI Prudential Mutual Fund
SBI Mutual Fund
Aditya Birla Sun Life Mutual Fund
UTI Mutual Fund
*Disclaimer: Major Players sorted in no particular order
India Mutual Fund Market News
- In 2022, HDFC Mutual Fund launched two new fund offers (NFOs): the HDFC NIFTY 100 Index Fund and the HDFC NIFTY 100 Equal Weight Index Fund. According to the fund house, the investments are geared at investors seeking returns that are comparable to the NIFTY 100 Index and NIFTY 100 Equal Weight Index, respectively. As of December 31, 2021, Indian large caps accounted for 68% of the Indian-listed space in terms of market capitalization.
- In 2021, ICICI Prudential Mutual Fund announced the launch of the ICICI Prudential FMCG ETF. Subject to monitoring faults, the service promises to produce returns that roughly match the returns provided by its benchmark Nifty FMCG TRI Index in the same proportions. The fund will be traded on both the BSE and the NSE.
India Mutual Fund Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.1.1 Brief on the Indian Economy and Asset Management Industry
4.1.2 India Mutual Fund Industry Size - AuMs Over the Years
4.1.3 Brief on Geographical Categorization (T30, B30, etc.) of the Indian Mutual Fund Landscape
4.2 Insights into Types of Schemes or Funds Offered in the Indian Mutual Fund Industry
4.3 Prominence of SIPs as a Tool of Investment in Mutual Funds in India
4.4 Brief on the Regulatory Environment
4.4.1 Regulatory Bodies Governing The Industry
4.4.2 Industry Policies Affecting Mutual Fund Schemes
4.4.3 Notable Reforms Related to Macroeconomic Factors and Incidents like the IL&FS Collapse
4.5 Technological Innovations Shaping the Industry
4.5.1 Trends of Gross Inflows - Physical Mode vs Digital Mode
4.5.2 Technologies (like AI, ML, RPA) Changing the Ecosystem
4.5.3 Fintechs Inflencing the Indian Mutual Fund Industry
4.6 Market Drivers
4.6.1 Rising Awareness - Growing Investor Base
4.6.2 Rising Share of Financial Savings in Total Household Savings
4.7 Market Restraints
4.8 Value Chain/Supply Chain Analysis
4.9 Porter's Five Forces Analysis
4.9.1 Bargaining Power of Buyers/Consumers
4.9.2 Bargaining Power of Suppliers
4.9.3 Threat of New Entrants
4.9.4 Threat of Substitute Products
4.9.5 Intensity of Competitive Rivalry
4.10 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Asset Class/Scheme Type
5.1.1 Debt-oriented Schemes
5.1.2 Equity-oriented Schemes
5.1.3 Money Market
5.1.4 ETFs and FoFs
5.2 By Source of Funds
5.2.1 Banks
5.2.2 Insurance Companies
5.2.3 Retail Investors
5.2.4 Indian Institutional Investors
5.2.5 FIIs and FPIs
5.2.6 Other Sources
6. COMPETITIVE LANDSCAPE
6.1 Market Competition Overview (Market Concentration and M&A Deals)
6.2 Company Profiles
6.2.1 SBI Mutual Fund
6.2.2 HDFC Mutual Fund
6.2.3 ICICI Prudential Mutual Fund
6.2.4 Reliance Mutual Fund
6.2.5 Aditya Birla Sun Life Mutual Fund
6.2.6 DSP BlackRock Mutual Fund
6.2.7 Kotak Mutual Fund
6.2.8 IDFC Mutual Fund
6.2.9 Tata Mutual Fund
6.2.10 Invesco Mutual Fund
6.2.11 Sundaram Mutual Fund*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
India Mutual Fund Industry Segmentation
The report provides an understanding of the Indian mutual fund industry, regulatory environment, MF companies, and their business models. The report also provides a detailed market segmentation with the product types, current market trends, changes in market dynamics, and growth opportunities. Furthermore, an in-depth analysis of the market size and forecasts for the various segments are presented.
| By Asset Class/Scheme Type | |
| Debt-oriented Schemes | |
| Equity-oriented Schemes | |
| Money Market | |
| ETFs and FoFs |
| By Source of Funds | |
| Banks | |
| Insurance Companies | |
| Retail Investors | |
| Indian Institutional Investors | |
| FIIs and FPIs | |
| Other Sources |
India Mutual Fund Market Research FAQs
What is the current India Mutual Fund Market size?
The India Mutual Fund Market is projected to register a CAGR of greater than 21.5% during the forecast period (2023-2028).
Who are the key players in India Mutual Fund Market?
HDFC Mutual Fund, ICICI Prudential Mutual Fund, SBI Mutual Fund, Aditya Birla Sun Life Mutual Fund and UTI Mutual Fund are the major companies operating in the India Mutual Fund Market.
Mutual Fund in India Industry Report
Statistics for the 2023 Mutual Fund in India market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Mutual Fund in India analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Mutual Fund Market in India Report Snapshots
