SBI Mutual Singh sees MF industry AUM rising to 80% of bk deposits in 10 yrs
This story was originally published at 17:23 IST on 4 July 2025
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--SBI MF Singh: MF AUM to have 70-80% bank deposits in 10 years vs 31% now
--CONTEXT: SBI MF's Deputy MD DP Singh's comments at IMC annual conference
--Invesco's Nanavati: Vision to have 200 mln retail investors in MFs by 2030
--CONTEXT: Invesco MF CEO Saurabh Nanavati's comments at IMC annual meet
--SBI MF Singh: Vision to have MF industry AUM equal bank deposits by 2030
MUMBAI – The mutual fund industry's assets under management are expected to rise to 70-80% of bank deposits in 10 years, D.P. Singh, deputy managing director of SBI Mutual Fund, said at the 15th Annual IMC Banking and Finance Conference Friday.
Currently, the mutual fund industry's total assets under management are equivalent to 31% of bank deposits, up from less than 13% a decade ago. As of May, mutual fund assets under management had reached a record INR 72.20 trillion, or about $865 billion, according to data from the Association of Mutual Funds in India.
Singh shared his vision for the mutual fund industry's assets under management to be equivalent to bank deposits by 2030. He said this could be achieved by imparting the right knowledge to investors. He also said there should be more hybrid funds which include equities, fixed income, and precious metals to protect investors from volatility.
Invesco Mutual Fund Chief Executive Officer Saurabh Nanavati shared his vision for India's mutual fund industry to have 200 million retail investors by 2030. Commenting on digital protection, Nanavati said, "India has a long way to go and hopefully digital protection will go a long way in securing us for the future... Data security is a very crucial cog in the wheel in this whole digitalisation journey." He said the country will see "hyper-personalisation" in the next 3-5 years. End
Reported by Vaishali Tyagi, Sourabh Kumar, and J. Navya Sruthi
Edited by Rajeev Pai
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