India's MF Industry to Skyrocket to ₹800 Lakh Crore in 10 Years: Raamdeo Agrawal

• Raamdeo Agrawal predicts India's mutual fund AUM could reach ₹600-800 lakh crore in a decade, up from ₹80 lakh crore currently.
• Growth is driven by increased retail participation and a shift from traditional bank deposits to investment avenues.
• India's MF industry, currently 23% of GDP, has significant growth potential compared to global markets like the US (140% of GDP).
• Historically, the industry has grown at an annualised rate of 22-30%.
• Agrawal expects moderate market returns of 12-15% aligning with earnings growth, with no significant P/E re-rating.