Despite over Rs 45K cr/month investments, India's MFs Industry is much smaller than global average: Report

New Delhi [India], October 8 (ANI): Despite over Rs 45,000 crore of monthly investments in India's mutual funds, the Industry's assets under management (AuM) to GDP ratio is much less as compared to the world average says a report by financial services firm Prabhudas Lilladher (PL).

"Indian AMC space is materially underpenetrated compared to global peers since, AuM to GDP ratio is much lower at 16 per cent for India than