Karnataka, which accounts for a significant share in mutual fund industry with an Average Assets Under Management (AAUM) of ₹564,488 crore, is growing by over 17% annually with key cities such as Bengaluru, Mangaluru, Hubballi, Raichur and Mysuru signalling a promising growth trajectory in the medium to long term. This is according to Franklin Templeton India, part of the US-based asset management company Franklin Resources Inc., which currently manages $1.68 trillion in assets.
The fund house further said it was seeing strong growth potential for mutual funds in Karnataka as new investors look to participate in the India growth story.
Avinash Satwalekar, President of Franklin Templeton India was here in the city on Tuesday as part of his over 4000 kilometer “Change the Soch – Kanyakumari to Kashmir Drive”, to meet people from diverse backgrounds to champion financial literacy and inclusion, especially among women, and also to spread investor awareness about mutual fund investing.
The 30-day drive organised on Franklin Templeton turning 30 years in India would cover 21 cities between Kanyakumari and Jammu & Kashmir.
Earlier addressing a media conference here, Mr.Satwalekar said, “Financial literacy among women is fundamental to India’s long-term socio-economic progress. While urban centres have made meaningful advances, lakhs of women across Bharat, especially in Tier 2 and Tier 3 regions remain underserved in terms of access to financial knowledge and tools.’’
Through this drive, the fund house would engage with women from diverse walks of life and empower them with the knowledge and confidence to save, invest and adopt digital finance, he added.
The Indian mutual fund industry’s assets under management (AUM) have grown by over six times in a decade, from ₹12.75 trillion as on December 31, 2015, to ₹80.23 trillion as on December 31, 2025, reflecting an annualised growth rate of 20%2, the firm said.
Published – January 27, 2026 11:52 pm IST
