India’s investment boom

Rising household savings, digitalisation and financial literacy are driving rapid expansion of mutual funds in India, unlocking value across the investment ecosystem.

One humid evening in Mumbai, a young professional takes the last seat on a crowded commuter train and opens the Groww investment app on her smartphone. Five years ago, her savings might have been held in the form of bank deposits or gold jewellery. Now, as she considers how to allocate her annual bonus, she has dozens of mutual fund options available at the tap of a screen.

This discerning investor is representative of the millions across India currently powering an asset-management boom. Over the last decade, the country’s households have accrued almost US$10 trillion in wealth, and this has coincided with the advent of mobile-first investment platforms and the rollout of financial education programmes.

Taken together, these factors have contributed to burgeoning demand for investment products. Total mutual fund assets rose from INR9 trillion (US$150 billion) in 2014 to reach INR81 trillion (US$840 billion) as of April 2026.