Sharing the outlook for the Indian mutual fund industry, Ganesh Mohan, CEO of Bajaj Finserv AMC said that the AUM size of the industry will cross Rs.130 lakh crore by FY 2030.
Nimesh Chandan, Chief Investment Officer, Bajaj Finserv AMC pointed out that the expected GDP growth in FY 26, fiscal & monetary policy changes and 8th pay commission will be the major growth drivers for the industry.
How is Indian MF industry placed with respect to the world?
Highlighting the share of MF AUM to the GDP of the economy, Ganesh said that the Indian industry is at the same place where China was in CY17. In CY17, the Chinese MF AUM was 13.7% of its GDP which increased to 23.1% in CY22.
Similarly, Indian MF AUM was 12.4% in CY17, reached 14.5% in CY22 and was at 19% by the end of CY24.
MF industry to grow with the Indian economy
Sharing their outlook, the fund house said the world is in a multipolar world with high government interventions. In such conditions, derisking (not decoupling) from both the US and China will become important drivers of trade agreements between countries.
The fund house claimed that no one country would want the US as the only major consumer or China as the only major supplier. As per the IMF’s April 2025 estimates, India will be the fastest growing major economy in FY25and FY26 both.
Here are the GDP growth estimates for major economies across the world:
Country
|
2024
|
2025
|
2026
|
India
|
6.5
|
6.2
|
6.3
|
Vietnam
|
7.1
|
5.2
|
4.0
|
China
|
5.0
|
4.0
|
4.0
|
Brazil
|
3.4
|
2.0
|
2.0
|
US
|
2.8
|
1.8
|
1.7
|
Like what you are reading?
development, success stories and industry updates.
Don’t worry … it’s FREE!