Less than 1.5% of India’s population invests in MFs


Of the total 134 crore people in the country, the mutual fund industry has 2 crore unique PAN indicating that the industry has 2 crore investors. Currently, there are 29 crore PAN card holders in India. Going by these numbers, you can say that the penetration of the mutual fund industry in India is close to 7% (based on the number of PAN card holders, which is mandatory to invest in mutual funds).

These 2 crore investors have 6.60 crore folios. This means, each investor holds at least 3 folios in mutual funds.

However, the number of mutual fund investors is much lower than number of investors in banks and insurance. While 75 crore Indians have bank accounts, 35 crore people have insurance policies.

AMFI aims to get 2% of India’s population to invest in mutual funds.

Snippets from the AMFI presentation:

Population of India: 1.34 billion+
No. of people having Bank Account: 750 million+
No. of people having Insurance: 350 million+
No. of people having Permanent Account Number: 290 million+
No. of Mutual Fund accounts: 66 million
No. of unique Mutual Fund investors: 20 million
Less than 1.5% of India’s population invests in MFs






Please enter your comment!
Please enter your name here