New Delhi, May 20 -- India's mutual fund industry saw quite a few changes in 2024-2025, particularly in terms of the improving sophistication of investors. More investors ventured beyond regular and direct mutual funds to more complex, and potentially more rewarding, investment schemes despite the market volatility.

Overall, the Indian mutual fund industry's assets under management (AUM) jumped 23% to Rs.65.7 trillion in FY25 from Rs.53.4 trillion in the previous financial year, according to a joint report by the Association of Mutual Funds in India and Crisil Intelligence.

The report, however, pointed out that India's mutual fund penetration (MF AUM-to-GDP)-while being at all-time high of 19.9% as on 31 March 2025-was still lower than ...