Markets and Finance
India's MF AUM to GDP ratio low, industry can grow exponentially: Parekh

Noting that India's ratio of mutual fund asset under management (AUM) to GDP is just 15 per cent against the global average of 75 per cent, HDFC Asset Management Company Chairman Deepak S. Parekh on Tuesday said that the country's MF industry has the potential for exponential growth. Addressing the shareholders of the company, Parekh said that the mutual fund industry overall assets under management rose by 41 per cent year on year to close at Rs 31.4 lakh crore. Over the last five years, mutual fund industry AUM has seen a CAGR of 20.6 per cent and equity-oriented AUM has grown at a CAGR of 25 per cent.

News Source:- https://economictimes.indiatimes.com/mf/mf-news/indias-mf-aum-to-gdp-ratio-low-industry-can-grow-exponentially-parekh/articleshow/84608376.cms