Asset Management, per Industry report in the offer document of SBI Funds Management (commissioned by a company).
The Indian mutual fund industry has experienced rapid expansion, driven by the increasing financialization of household savings, a young demographic profile, and the surging popularity of Systematic Investment Plans (SIPs). Despite this growth, mutual fund penetration remains relatively low at 23.2% of GDP, indicating substantial headroom for future asset accumulation compared to global peers. The market is highly concentrated, with the top 10 AMCs managing over 76% of the industry's assets, though competition is intensifying with the entry of digital-first fintech brokers and passive-focused funds. Key industry dynamics include a structural shift toward equity-oriented products among retail investors and regulatory pressures surrounding expense ratio caps, compelling AMCs to rely on scale, digital distribution, and B-30 city penetration to sustain profitability. [1]
| Figure | Period | Value |
|---|---|---|
| Market size [1] | 2026 | ₹81.5 trillion estimate |
| Market CAGR [1] | FY2021–FY2026 | 20.5% |
| Topic | Figure | Period | Value |
|---|---|---|---|
| Market size and growth | Market size [1] | 2026 | ₹81.5 trillion estimate |
| Market size and growth | Market CAGR [1] | FY2021–FY2026 | 20.5% |
According to an industry report in SBI Funds Management's offer document, the asset management market was ₹81.5 trillion in 2026, an estimate, as that period had not ended when it was published.
An industry report in SBI Funds Management's offer document projects continued growth, a growth rate of 20.5% a year over FY2021–FY2026. Forecasts are the source's, not FinMinutes'.
Built from 1 source: 1 company-commissioned report. Each figure carries its source number, which links to the full source list with dates and page references.
Figures are quoted from the sources listed above, with their dates and page references. They are not FinMinutes estimates and are not a recommendation about any security. All industries →