Retail Investor Participation in Mutual Funds in India

Tue, 12 May 2026 00:00:00 +0000

Retail investor participation in Indian mutual funds encompasses the ownership of mutual fund units by individual investors (as opposed to institutional investors such as corporates, banks, foreign portfolio investors, and provident funds). India’s mutual fund industry has undergone a sustained democratisation since 2013, with the number of unique individual investors – measured by Permanent Account Number (PAN) – growing from approximately 1.2 crore in 2014 to over 5 crore by March 2025. Retail investors are the primary driver of SIP inflows and account for the majority of equity scheme AUM.

Retail Investors on WebNotes

Retail Investor Participation in Mutual Funds in India