The Future of Mutual Funds In India is quite bright. Mutual Funds are one of the most popular forms of investments as these funds are diversification, professional management, and liquidity. In the year 2004, the mutual fund industry in India was worth Rs 1,50,537 crores. The mutual fund industry is expected to grow at a rate of 13.4% over the next 10 years. Future of mutual funds to be digital, direct. Afew months ago, Value Research analysed different mutual fund companies on how much of a good deal it gives investors on direct plans of their funds. For those not familiar with the terminology, here’s a recap of what a direct fund is.