New Delhi, Dec. 12 -- Mutual fund investment in India, is expected to exceed Rs.300 lakh crore of assets under management (AUM) over the next 10 years, global consultancy firm Bain and trading platform Groww's 'How India Invests 2025' report showed.

The growth will largely be due to existing investors' sustained activity, combined with continued increase in household penetration of investment attitudes, especially in B30 cities. Here, B30 or Beyond 30, are those ranked beyond the top 30 cities as per the MF AUMs, according to the Association of Mutual Funds of India (AMFI). They include cities such as Chandigarh and Pune among others.

The report noted that over the next 10 years, it expects mutual fund AUM in India to exceed Rs.300 lakh...