India Mutual Funds Market 2033

India Mutual Funds Market Size, Share, Trends and Forecast by Asset Class/Scheme Type, Source of Funds, and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A31301

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India Mutual Funds Market Overview:

The India mutual funds market size reached USD 2.50 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 5.90 Billion by 2033, exhibiting a growth rate (CAGR) of 10.03% during 2025-2033. The growing financial literacy, increasing disposable incomes, rising participation from retail investors, digital adoption in investment platforms, favorable regulatory policies, expansion of systematic investment plans (SIPs), and a shift towards equity-oriented schemes are expanding of the India mutual funds market share.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 2.50 Billion
Market Forecast in 2033	USD 5.90 Billion
Market Growth Rate 2025-2033	10.03%

India Mutual Funds Market Trends:

Rise of Passive Investing Through Index Funds and ETFs

The India mutual funds market growth is driven by a significant shift toward passive investing, with growing investor preference for index funds and exchange-traded funds (ETFs). Moreover, the increasing awareness regarding low-cost investment options, better market efficiency, and the underperformance of actively managed funds compared to benchmark indices are positively impacting the market. In addition to this, institutional investors and retail participants alike are recognizing the benefits of passive funds, which offer diversified exposure at minimal expense ratios. Additionally, regulatory initiatives by the Securities and Exchange Board of India (SEBI) promoting transparency and investor education further fuel this transition. For instance, new rules for registered intermediaries advertising on social media platforms were released by the Securities and Exchange Board of India (SEBI) on March 24, 2025. These intermediaries must now use the email addresses and mobile numbers provided on SEBI's SI Portal to register on websites such as Google and Meta. This measure aims to enhance verification procedures, minimize fraudulent activities, and build investor confidence in the securities market. By prohibiting misleading advertisements and ensuring authentic representation of mutual fund products, SEBI's regulations are fostering a more transparent and trustworthy investment environment. Moreover, the rise of systematic investment plans (SIPs) in ETFs, combined with increased stock market participation, is expected to strengthen the passive investing trend. As more asset management companies (AMCs) launch innovative passive products, the market is poised for exponential growth in the coming years, reshaping the investment landscape in India.

India Mutual Funds Market Size

Increase in Retail Participation Through SIPs and Digital Platforms

Retail participation in the Indian mutual funds market has increased, largely due to the growing popularity of systematic investment plans (SIPs) and the expansion of digital investment platforms. With increased financial literacy and easy access to investment options through mobile applications, more investors are entering the market, contributing to consistent inflows in mutual funds. Monthly SIP inflows have reached record highs, reflecting a shift in investor behavior toward disciplined, long-term wealth creation. Additionally, fintech innovations and online investment platforms are simplifying the investment process, enabling seamless transactions, real-time tracking, and automated portfolio management. On June 25, 2024, HDFC Bank introduced 'SmartWealth,' a digital investment platform designed to simplify and enhance the investment experience for its customers. This platform offers a comprehensive suite of investment products, including mutual funds, fixed deposits, and insurance, enabling users to manage their portfolios seamlessly. SmartWealth features personalized investment recommendations based on individual financial goals and risk profiles, ensuring tailored advice for each user. Such innovations are democratizing wealth management and empowering retail investors with the tools and insights needed to optimize their portfolios. The convenience of digital onboarding and implementation of government initiatives to promote financial inclusion further strengthens retail investor participation. This democratization of investing is thereby positively impacting the India mutual funds market outlook, making it an essential vehicle for wealth accumulation, even in smaller cities and rural areas.

India Mutual Funds Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on asset class/scheme type and source of funds.

Asset Class/Scheme Type Insights:

Debt-oriented Schemes
Equity-oriented Schemes
Money Market
ETFs and FoFs

The report has provided a detailed breakup and analysis of the market based on the asset class/scheme type. This includes debt-oriented schemes, equity-oriented schemes, money market, and ETFs and FoFs.

Source of Funds Insights:

Banks
Insurance Companies
Retail Investors
Indian Institutional Investors
FIIs and FPIs
Others

A detailed breakup and analysis of the market based on the source of funds have also been provided in the report. This includes banks, insurance companies, retail investors, Indian institutional investors, FIIs and FPIs, and others.

Regional Insights:

North India
South India
East India
West India

The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, West India.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

India Mutual Funds Market News:

On February 6, 2025, the Nippon India Active Momentum Fund is an open-ended equity plan created by Nippon India Mutual Fund with the goal of producing long-term capital growth. With a continuous sale and repurchase starting on March 6, the New Fund Offer (NFO) is planned to take place from February 10 to February 24. To find high-potential investment opportunities, this fund uses a multifactor quantitative approach that manages volatility and dynamically adjusts to market cycles.
On February 21, 2025, the 'Chhoti SIP Tarun Yojana Mitra' project was launched by the Association of Mutual Funds in India (AMFI) to encourage young investors to participate in small-scale Systematic Investment Plans (SIPs). By providing accessible entry points into mutual fund investments, this initiative seeks to improve financial literacy and promote disciplined investing practices. It is anticipated that AMFI's effort will increase the number of investors and encourage young people in India to save regularly.

India Mutual Funds Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Asset Class/Scheme Type Source of Funds Region
Asset Classes/Scheme Types Covered	Debt-oriented Schemes, Equity-oriented Schemes, Money Market, ETFs, FoFs
Source of Funds Covered	Banks, Insurance Companies, Retail Investors, Indian Institutional Investors, FIIs and FPIs, Others
Regions Covered	North India, South India, East India, West India
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the India mutual funds market performed so far and how will it perform in the coming years?
What is the breakup of the India mutual funds market on the basis of asset class/scheme type?
What is the breakup of the India mutual funds market on the basis of source of funds?
What is the breakup of the India mutual funds market on the basis of region?
What are the various stages in the value chain of the India mutual funds market?
What are the key driving factors and challenges in the India mutual funds market?
What is the structure of the India mutual funds market and who are the key players?
What is the degree of competition in the India mutual funds market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India mutual funds market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the India mutual funds market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India mutual funds industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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