Themed “The Trillion Dollar Dream”, this year’s summit reflected the energy and ambition behind India’s goal of reaching $1 trillion in mutual fund Assets Under Management (AUM) by 2030.
‘India’s mutual fund industry doesn’t lack products; it lacks a playbook’. That was the message from Radhika Gupta, MD & CEO of Edelweiss Mutual Fund, at the fourth edition of the Moneycontrol Mutual Fund Summit 2025 held in Mumbai on June 23.
“There is no shortage of asset classes in India. We’re a very nuanced consumer market. What we need now is to be solution-oriented, not just product-driven,” Gupta said, adding that SEBI’s approval of Social Impact Funds (SIFs) is a step in the right direction.
“We’ve created many pieces like Lego. What’s missing is education. We need to tell people kaunsa mutual fund sahi hai, which one fits their goals. That’s where our next effort must go,” she said.
Meanwhile, Nilesh Shah, MD of Kotak Mahindra AMC, pointed out that India has around 30 crore vehicle owners, but only 5.5 crore mutual fund investors, a gap that shows how far the industry still needs to go.
“To bridge this, we must expand across both geography and product lines. Right now, we’re largely urban-focused. The next leg of growth lies in smaller towns and newer investors,” he said.
Kalpen Parekh, MD & CEO of DSP Mutual Fund, highlighted that investors who remained disciplined have seen 2x returns in recent years. But, he added, factual education on return cycles and market volatility is still lacking.
“We need to explain the lowest to highest point of return journeys. This builds realistic expectations and trust,” he said.