Digitally invested assets under management (AUM) are likely to grow nearly 80 per cent to Rs 45,000 crore in 2019 from Rs 25,000 crore in 2018, said consultancy firm Deloitte India Tuesday.
Digitally invested AUM for individual investments in mutual funds will cross Rs 1 lakh crore by 2021 if technology-based growth trend in investments continues beyond 2019, according to a report by Deloitte India, titled 'Technology, Media & Telecommunications India Predictions 2019'.
In comparison, overall retail AUM is expected to grow around 37 per cent, said the report.
"In other words, digital investing will grow at more than double the rate of overall investment in mutual funds. If the projected growth for 2019 continues beyond as well, the AUM for individual investments in mutual funds invested digitally will cross Rs 1 trillion (Rs 1 lakh crore) by 2021," the report said.
It added that fixed deposits (FDs) through digital channels will exceed 50 per cent of all FDs opened by 2022, and ..
