Did you know that India’s population is more than 134 crores, out of which mutual fund investors account for a very small fraction?
At a time when mutual fund investments have just started catching peoples’ attention, it is important that people from this industry put efforts to maintain and grow this interest by helping as many people to invest in mutual funds. Evidently, mutual fund distributors have an important role to play in this.
Here’s an interesting fact! People in India are increasingly investing in mutual funds, making it one of the top investment choices in the present day. As on 30th November 2022, the Asset Under Management (AUM) of Mutual fund Industry is 40,37,561 Crores. The AUM is expected to grow up to 100,00,000 Crores by the end of 2030. As we see, the mutual fund industry has tremendous potential to grow multifold, as the penetration of mutual funds investment in India is still low.
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.
“I was 23 when I decided to become a mutual fund distributor. Although I was passionate about finance and investing, I was worried because this wasn’t a conventional career choice. Now 10 years later, I have a huge clientele, handsome income and an office of my own, so I don’t regret my choice one bit.”
- Nirav Shah