As of June 30 2025, India’s mutual fund industry reported assets under management (AUM) of around ₹74.41 lakh crore, representing a more than three-fold growth over five years. The passive fund segment reached ₹12.41 lakh crore in June, making up 16.6% of total AUM. Analysts say inflows from retail investors, SIPs and global-tech buying by domestic funds are driving the growth. With equity market gains and steady investor participation, the industry is looking at sustained expansion despite macro uncertainties.