印度共同基金市场评估：依计划类型、类型、分销管道、投资者类型和地区划分的机会和预测（2018-2032）

由于人口和财富的增加，印度的共同基金产业正在经历快速成长。投资共同基金的钱甚至可以为没有工作的个人提供收入，这就是为什么越来越多的人选择投资共同基金的原因。截至2024年4月，帐户总数为1.815亿印度卢比，股权、混合和解决方案对开数量约为1.454亿印度卢比，其中最大的投资来自零售领域。此外，数位化渗透、智慧城市发展和不断提高的数据速度正在引发资产占有率向小城镇的转变。透过系统投资计划（SIP）增加的零售贡献表明了印度的数位化水准。

投资信託资产增加：

共同基金资产的增加是由于股市的强劲表现以及股票计划的净流入增加。 2024 财年，国内投资信託 (MF) 管理资产增加了 34%。过去几年，SIP 对共同基金的贡献增加了两倍多。个人和机构投资者都看到共同基金持有的资产价值增加。这意味着乐观的机会有望推动共同基金市场的成长。有几个因素正在推动共同基金资产市场的成长，包括共同基金投资的增加、数位化、政府支持以及人们越来越偏好共同基金作为财富创造工具。除了上述因素外，流动性、市场多元化、反应能力和透明度预计将在未来几年推动市场扩张。儘管金融市场状况不稳定，费用比率和销售费用较高，但共同基金产业仍在不断发展，为投资者提供了创造财富的机会。

推动市场成长的市场流动性：

流动性是指在不显着影响资产价格的情况下快速有效地买卖资产的难易度。由于其结构和交易量，共同基金是高流动性金融市场的理想例子。共同基金通常投资不同规模的公司，规模较大的公司流动性较强。这些基金为投资者提供广泛的高流动性资产，包括股票和债券。共同基金的流动性具有多种优势，包括易于更换资金以及能够灵活应对市场波动。由于高流动性和相关利益，市场预计将成长。

本报告调查了印度投资信託市场，提供了市场定义和概述、市场规模趋势和预测、各个细分市场和地区的详细分析、行业结构以及影响市场成长的因素分析、案例研究、竞争格局、主要公司的简介等等。

目录

第一章研究方法

第 2 章专案范围与定义

第 3 章执行摘要

第 4 章顾客回馈

• 人口统计
• 市场认知度与产品讯息
• 品牌知名度与忠诚度
• 做出购买决定时考虑的因素
• 投资基础
• 投资频率
• 投资媒介

第五章印度投资信託市场展望

• 市场规模/预测
• 依方案类型
  • 死亡导向
  • 股权导向
  • 金融市场
  • ETF
  • 其他
• 依类型
  • 开放式结尾
  • 封闭式
• 依分销管道
  • 银行
  • 财务顾问
  • 直销员
  • 其他
• 依投资者类型
  • 个人
  • 机构
• 依地区
  • 北
  • 南部
  • 东方
  • 西部/中部地区
• 市占率：依公司划分，2024 年

第 6 章市场地图，2024 年

• 依方案类型
• 依类型
• 依分销管道
• 依投资者类型
• 依地区

第七章宏观环境与产业结构

• 需求与供给分析
• 监管框架和合规性
• 价值链分析
• PESTEL 分析
• 波特五力分析

第 8 章市场动态

• 生长促进因素
• 生长抑制因子（问题/限制）

第九章主要公司状况

• 前 5 名市场领导者的竞争矩阵
• 前 5 位市场领导者的市场收入分析
• 併购/合资企业（如果适用）
• SWOT 分析（5 家参与公司）
• 专利分析（如果适用）

第十章近三年资产净值分析

第 11 章案例研究

第十二章主要公司展望

• SBI Fund Management Limited
• ICICI Prudential Asset Management Company Limited
• HDFC Asset Management Company Limited
• Nippon Life India Asset Management Limited
• Kotak Mahindra Mutual Fund Asset Management Company Limited
• Aditya Birla Sun Life AMC Limited (ABSLAMC)
• UTI Asset Management Company Limited
• Axis Asset Management Company Limited
• DSP Asset Managers Private Limited
• Bandhan Asset Management Company Limited

第 13 章策略建议

第14章关于我们公司/免责声明

A mutual fund is a consortium of money managed by an expert fund manager. It is a trust that collects money from many investors who share a common investment objective and invests the same in equities, bonds, money market instruments, and/or other securities. The NAV is the combined market value of the shares, bonds, and securities held by a fund on any day, after the deduction of permitted expenses and charges.

The mutual fund industry in India has experienced a surge in growth due to the increasing population and wealth of the nation. Funds invested in mutual funds can provide income for non-working individuals which has led to an increase in the number of individuals willing to invest in mutual funds. The total number of accounts as of April 2024, stood at INR 181.5 million, while the number of folios under equity, hybrid, and solution-oriented schemes, wherein the maximum investment is from the retail segment stood at about INR 145.4 million. Furthermore, the growing digital intrusion, the development of smart cities, and the improvement in data speeds have triggered the shift of asset shares towards more miniatured towns and cities. The increase in retail contribution through Systematic Investment Plans (SIPs) signifies the level of digitalization in India.

Hike in Mutual Fund Assets

The hike in mutual fund assets can be credited to the strong performance of equity markets and boosted net inflows to equity schemes. The assets managed by domestic mutual funds (MFs) rose by 34 percent during FY2024. Mutual fund SIP contributions have increased more than three-fold over the past years. Both individual and institutional investors viewed a rise in the value of their assets held by mutual funds. This implies an optimistic opportunity that is expected to stimulate the growth of the mutual fund market. Several factors, including the increase in mutual fund investments, digitalization, government assistance, and increasing favoritism for mutual funds as a wealth-generation tool impel the growth of the mutual fund assets market. The above factors, liquidity, diversification, readiness, and transparency are expected to boost market expansion in the coming years. Despite a volatile financial market environment, high expense ratios, and sales charges, the mutual fund industry continues to thrive, offering investors opportunities for wealth creation.

Market Liquidity to Drive Market Growth

Liquidity refers to the ease of buying and selling an asset quickly and efficiently without significantly impacting its price. Mutual funds are an ideal example of a highly liquid financial market due to their composition and trading volume. Mutual funds usually invest in companies of various sizes, with larger companies offering higher liquidity. Moreover, these funds provide investors with a huge range of highly liquid assets, including stocks and fixed-income securities. The liquidity of mutual funds offers several merits, such as easy fund swapping and flexibility during market volatility. As a result, the market is expected to experience growth due to its high liquidity and associated benefits.

North India to Dominate the Market Share

North is estimated for maximum growth in India mutual fund market during the forecast period. The rise is attributed to phenomenal trading activities in the region and the large presence of the equity market. As most of the investors on the stock exchange are cost-aware, they look for low-cost brokerage options that make more buyers invest in mutual funds to eliminate the brokerage commission costs. With mutual funds, buyers can individually manage and sell stocks on the stock exchange. It will increase transparency in trading activities and allow steady communication between traders. Tax efficiency, transparency, and the ability to gain access to a centralized stock exchange platform make it a profitable security option for investors.

Equity Funds to Dominate India Mutual Fund Market Share

The market share growth in the equity funds segment will be significant during the forecast period. Equity mutual funds provide investors with exposure to corporate equities. There are various types of stock funds, each with its investment strategy. For instance, growth funds focus on stocks that have the potential for significant financial gains but may not pay regular dividends. Income funds, on the other hand, invest in stocks that offer regular dividends. Index funds track specific market indices, such as the Nifty50 Index and sector funds concentrate on a specific industry sector.

Equity funds are further categorized based on the portion of investment in the mutual fund. For instance, large-cap funds invest at least 80% of their assets in equity shares of large-cap companies, which are the top 100 companies in market capitalization. These funds provide stability and the capability for respectable returns. Mid-cap funds allocate a minimum of 65% of their holdings to equity shares of mid-cap companies, offering higher volatility and the potential for better returns than large-cap funds.

Bank Dominates the Share in India Mutual Fund Market

The bank segment has the biggest market share in India mutual fund market. In an array of market conditions, banking funds are preferably viewed as a suitable long-term investment solution. Over the past years, these funds have conveyed average annualized returns of over 17%. Furthermore, by providing specialized, value-added financial services to investors and increasing their customer base, mutual fund, and insurance subsidiaries aid banks in grasping their full potential. Banks may form their subsidiaries or partner with an MF arm. Any investment account, such as an IRA, which may be opened through various financial institutions, including banks, can be used to acquire mutual funds. During the predicted time, all these elements will contribute to India Mutual Fund Market growth.

Future Market Scenario (FY2025 - FY2032)

Stream of flows, rise in retail investors' participation, and bullish market conditions have improved the assets for the small-cap mutual fund category to INR 2.43 lakh crore mark at the end of March 2024, marking an 83 percent rise compared to the previous year.

The surge in assets was complemented by a rise in the number of investors, with the number of folios adding an investor base of INR 8.1 million. These trends show that the future scenario of India mutual fund market is on the rise and will reach new boundaries.

Key Players Landscape and Outlook

India mutual fund market is highly competitive with key players such as SBI Funds Management Ltd., ICICI Prudential Asset Management Company Ltd., HDFC Asset Management Company Ltd., Nippon Life India Asset Management Limited, and many others. The market presents opportunities for growth during the forecast period, which makes the market competitive.

The growing digital intrusion, development of smart cities, and improvement in data speeds have led to an increase in retail Investors which in turn is poised to the growing mutual fund market. Investors and distributors are partnering with fintech startups to offer personalized services to investors dominating their technologies.

Table of Contents

1.Research Methodology

2.Project Scope & Definitions

3.Executive Summary

4.Voice of Customer

• 4.1.Demographics (Age/Cohort Analysis - Baby Boomers and GenX, Millennials, Gen Z; Gender; Income - Low, Mid and High; Geography; Nationality; etc.)
• 4.2.Market Awareness and Product Information
• 4.3.Brand Awareness and Loyalty
• 4.4.Factors Considered in Purchase Decision
  • 4.4.1.Mutual Fund Name
  • 4.4.2.Scheme Type
  • 4.4.3.Tenure
  • 4.4.4.Minimum Amount
  • 4.4.5.Return on Investment
  • 4.4.6.Liquidity
  • 4.4.7.Features and Reliability
• 4.5.Investment Rationale
• 4.6.Frequency of Investing
• 4.7.Medium of Investing

5.India Mutual Fund Market Outlook, FY2018-FY2032

• 5.1.Market Size & Forecast
  • 5.1.1.By Value
• 5.2.By Scheme Type
  • 5.2.1.Debt-Oriented
  • 5.2.2.Equity-Oriented
  • 5.2.3.Money Market
  • 5.2.4.ETFs
  • 5.2.5.Others
• 5.3.By Type
  • 5.3.1.Open-Ended
  • 5.3.2.Close-Ended
• 5.4.By Distribution Channel
  • 5.4.1.Banks
  • 5.4.2.Financial Advisors
  • 5.4.3.Direct Sellers
  • 5.4.4.Others
• 5.5.By Investor Type
  • 5.5.1.Individual
  • 5.5.2.Institutional
• 5.6.By Region
  • 5.6.1.North
  • 5.6.2.South
  • 5.6.3.East
  • 5.6.4.West and Central
• 5.7.By Company Market Share (%), FY2024

6.Market Mapping, FY2024

• 6.1.By Scheme Type
• 6.2.By Type
• 6.3.By Distribution Channel
• 6.4.By Investor Type
• 6.5.By Region

7.Macro Environment and Industry Structure

• 7.1.Supply Demand Analysis
• 7.2.Regulatory Framework and Compliance
  • 7.2.1.Securities & Exchange Board of India (SEBI) Guidelines and Policies
  • 7.2.2.RBI Guidelines and Policies
  • 7.2.3.Monetary and Fiscal Policies
  • 7.2.4.Taxation Policies
• 7.3.Value Chain Analysis
• 7.4.PESTEL Analysis
  • 7.4.1.Political Factors
  • 7.4.2.Economic System
  • 7.4.3.Social Implications
  • 7.4.4.Technological Advancements
  • 7.4.5.Environmental Impacts
  • 7.4.6.Legal Compliances and Regulatory Policies (Statutory Bodies Included)
• 7.5.Porter's Five Forces Analysis
  • 7.5.1.Supplier Power
  • 7.5.2.Buyer Power
  • 7.5.3.Substitution Threat
  • 7.5.4.Threat from New Entrant
  • 7.5.5.Competitive Rivalry

8.Market Dynamics

• 8.1.Growth Drivers
• 8.2.Growth Inhibitors (Challenges and Restraints)

9.Key Players Landscape

• 9.1.Competition Matrix of Top Five Market Leaders
• 9.2.Market Revenue Analysis of Top Five Market Leaders (in %, FY2024)
• 9.3.Mergers and Acquisitions/Joint Ventures (If Applicable)
• 9.4.SWOT Analysis (For Five Market Players)
• 9.5.Patent Analysis (If Applicable)

10.Past 3-year NAV Analysis

11.Case Studies

12.Key Players Outlook

• 12.1.SBI Fund Management Limited
  • 12.1.1.Company Details
  • 12.1.2.Key Management Personnel
  • 12.1.3.Products & Services
  • 12.1.4.Financials (As reported)
  • 12.1.5.Key Market Focus & Geographical Presence
  • 12.1.6.Recent Developments
• 12.2.ICICI Prudential Asset Management Company Limited
• 12.3.HDFC Asset Management Company Limited
• 12.4.Nippon Life India Asset Management Limited
• 12.5.Kotak Mahindra Mutual Fund Asset Management Company Limited
• 12.6.Aditya Birla Sun Life AMC Limited (ABSLAMC)
• 12.7.UTI Asset Management Company Limited
• 12.8.Axis Asset Management Company Limited
• 12.9.DSP Asset Managers Private Limited
• 12.10.Bandhan Asset Management Company Limited

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work

13.Strategic Recommendations

14.About Us & Disclaimer

List of Tables

• Table 1. Pricing Analysis of Products from Key Players
• Table 2. Competition Matrix of Top 5 Market Leaders
• Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
• Table 4. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

• Figure 1.India Mutual Fund Market, By Value, In USD Billion, FY2018-FY2032F
• Figure 2.India Mutual Fund Market Share (%), By Scheme Type, FY2018-FY2032F
• Figure 3.India Mutual Fund Market Share (%), By Type, FY2018-FY2032F
• Figure 4.India Mutual Fund Market Share (%), By Distribution Channel, FY2018-FY2032F
• Figure 5.India Mutual Fund Market Share (%), By Investor Type, FY2018-FY2032F
• Figure 6.India Mutual Fund Market Share (%), By Region, FY2018-FY2032F
• Figure 7.By Scheme Type Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 8.By Type Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 9.By Distribution Channel Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 10.By Investor Type Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 11.By Region Map-Market Size (USD Billion) & Growth Rate (%), FY2024