India's mutual fund industry crossed the Rs 72 lakh crore AUM milestone in April 2026, according to data released by AMFI, doubling from Rs 36 lakh crore just three years ago. The milestone reflects the dual impact of strong market returns and consistent net inflows driven by the SIP culture and expanding distribution reach through digital platforms, fintech intermediaries and direct plan adoption.
Equity-oriented schemes now account for Rs 34.2 lakh crore or 47.5% of total industry AUM, a significant increase from 38% two years ago, as rising equity markets have inflated equity scheme NAVs and new money has continued to flow into equity categories. Debt funds account for Rs 16.8 lakh crore, balanced/hybrid funds Rs 12.4 lakh crore and exchange-traded funds and index funds Rs 9.2 lakh crore — reflecting the growing popularity of passive investing.
The fund industry now serves 4.2 crore unique investors through 15.8 crore folios, with the average investor holding 3.7 funds. Industry leaders believe the AUM can reach Rs 120-150 lakh crore by 2030 as India's financial savings rate continues to shift from physical assets like gold and real estate toward financial instruments. Geographic expansion beyond the top 30 cities — which currently account for 95% of AUM — through digital platforms and financial literacy initiatives is seen as the next frontier for mutual fund industry growth.
