India's Retail Investor Boom Promises $3.3 Trillion Opportunity for Global Fund Houses
India's mutual fund industry is experiencing rapid growth, driven by an increasing number of retail investors. According to Bain & Company, the assets managed by retail investors in India's mutual fund industry are projected to reach $3.3 trillion by 2035. This growth is attracting global attention, with major fund houses like BlackRock re-entering the Indian market. The Reserve Bank of India has noted a significant shift in household savings towards mutual funds, with the share rising from 0.9% in 2012 to 6% in 2023. The trend is fueled by salaried millennials and Gen Zs in metro cities who prefer mutual funds over direct equities, contributing to the rise in long-term mutual fund holdings. 
