Prime Time Zone, Webdesk: The mutual fund industry is expected to double in the next few years, with industry management assets expected to reach Rs. Rating agency Crisil said it would cross Rs 50 lakh crore. The Crisil Research Division believes that the mutual fund industry is growing faster due to higher investment in equities. Investor interest in the mutual fund segment has been changing recently due to the volatility of the stock markets, with industry management assets expected to reach around Rs. Crisil Managing Director and CEO Ashu Suyash said that it was Rs 30 lakh crore. By 2025, the industry is expected to double to Rs. She said she believes it could cross Rs 50 lakh crore. During 2003, the value of industry management assets was Rs. Ashu Suyash said the industry has grown at a rate of 18.5 per cent per annum over the past 20 years.