Groww-Bain: India's MF AUM to surge 7x, penetration to double by 2035

• India's mutual fund AUM is projected to exceed Rs 300 lakh crore by 2035, a 7x increase from current levels, according to a Groww-Bain report.
• Mutual fund penetration in Indian households is expected to double from 10% to 20% over the next decade.
• The shift is driven by younger generations influencing older investors, making equity investment mainstream, and increased digital access.
• Growth is also fueled by expanding reach to tier 2+ cities and a move from physical assets (FDs, real estate, gold) to financial assets.
• SIP inflows have seen a 25% CAGR, primarily driven by young investors aged 18-34, supported by digital infrastructure and regulatory ease.

Why It Matters: This signals a massive shift in India's investment culture and financial growth.