India’s mutual fund industry is on track for long term structural expansion, with assets under management projected to exceed ₹300 trillion by 2035, according to ICRA Analytics . Industry AUM crossed ₹70 trillion in May 2025 and surpassed ₹80 trillion within six months despite global market volatility. By November 2025, AUM stood at ₹81 trillion , reflecting 18.69% year on year growth and a five year CAGR of 21.91%.