Library Module 15 of 21

Categories, scheme structures, AMC governance, fund-of-fund vs ETF tradeoffs, and a 14-step due-diligence checklist

The Indian Mutual Fund Universe

The Indian mutual fund industry, as of late 2025, manages roughly ₹65 trillion in assets across 44 SEBI-registered AMCs offering ~2,000+ schemes (counting all plan types). For comparison, the United States MF industry is roughly USD 25 trillion across thousands of funds — much larger absolutely but proportionally similar relative to the economy.

The retail growth story in India is remarkable: monthly SIP inflows have grown from ~₹4,000 crore in 2017 to ~₹25,000+ crore in 2025. The penetration story is still early — roughly 5% of Indian households participate in mutual funds vs 50%+ in the US. The next decade will likely see this number cross 15-20%.

For an Indian investor, the implication: navigating the universe is a real skill. With 2,000+ schemes, marketing campaigns from 44 AMCs, and constant fund launches, the "noise" overwhelms the signal. This module provides the framework to cut through.

Now apply this — open the fund screener →


After this module you can: Distinguish all 36 SEBI mutual fund categories, evaluate AMC governance and key personnel risks, choose between active / index / ETF / FoF wrappers based on category, apply a 14-step due-diligence checklist, and manage fund consolidation and exit decisions.
✓ Take the quiz for this module
Pass at 70% to earn a printable certificate.