Mutual Funds have become one of the most preferred investment instruments for creating wealth, in the modern age. The Mutual Fund industry has been witnessing sharp growth. According to a report recently published by Mordor Intelligence, a market research firm, the AUM in India’s mutual fund industry has grown fourfold in a decade (2010-2020) and is expected to increase by another fourfold by 2025. The Indian mutual funds industry has the potential to cross INR 100 trillion in AUM before 2030.