EY report says only 62 million invest in mutual funds
In short
Only 62 million people invest in mutual funds, even though India has 500-550 million UPI users. The report also says investable household assets rose to nearly $5.2 trillion in FY25 and individual investors held 18.7% of the Indian equity market.
This matters for fund houses, investors, and the broader market because the gap suggests a large pool of users is not yet investing. The reporting does not say why that is happening.
What the reporting says
Only 62 million people invest in mutual funds despite 500-550 million UPI users, according to an EY report cited in the headline. The publisher-supplied summary says investable household assets rose to nearly $5.2 trillion in FY25 and individual investors' share of the Indian equity market reached a two-decade high of 18.7%. It is not stated how many UPI users convert into mutual fund investors or why the gap persists.
Why it matters
Only 62 million people invest in mutual funds, even as 500-550 million people use UPI, according to the headline and cited EY report. The publisher summary also says investable household assets rose to nearly $5.2 trillion in FY25 and individual investors' share of the Indian equity market reached 18.7%. The immediate implication is a large gap between digital payment usage and market participation, but the reason for that gap is not stated.