"The industry has a supply-side issue with distributors'

It's quite remarkable that nearly ₹12,000 crore that we add monthly through the SIP route today is much higher than our equity AUM number 20 years back.

Indian mutual fund industry in 2042

It just goes to show the speed of growth. In this context, to my mind, putting a number would be a mistake, as we could be surprising ourselves when we eventually get there.

Over the last few years, the industry has been growing at a CAGR of nearly 16 per cent. At the same rate, arithmetic could take us to almost ₹1,200 trillion (around five times the current ₹36 trillion), while actual growth may be anywhere. Assuming that we see GDP growth at 6-7 per cent hereon, it would be fair to assume 12-15 per cent growth for the industry.

Evolution of investors' views about mutual funds