India's mutual fund AUM reached ₹81 trillion in November 2025, up 18.69% year-on-year from ₹68 trillion, with a 21.91% CAGR over five years. Driven by digital adoption, SIPs (₹16.53 trillion, 20% of total), rising participation from Gen Z, women, and smaller towns, the industry is projected to surpass ₹300 trillion by 2035, per ICRA Analytics.