According to mutual fund industry data (AMFI),
retail investors held Rs. 2,43,569 crore in mutual funds (MFs) as of March
2015, higher than Rs 1,61,783 crore held by them in March last year
(2014).
The mutual
funds assets base of retail investors rose by a staggering 51% to over Rs. 2.43
lakh crore at the end of March 2015 as against the year-ago level.
According to mutual fund industry AMFI data, retail
investors held Rs. 2,43,569 crore in MFs as of March 2015, higher than Rs.
1,61,783 crore held by them in March last year.
These individuals' assets have mainly come from
the top 15 cities & are primarily distributor driven, industry insiders
said.
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Among the top mutual fund houses, Reliance MF saw
the highest growth, in the assets under management (AUM) of retail investors,
both in percentage and absolute terms.
Reliance MF's asset base for retail investors
rose 95% or Rs. 13,270 crore, to Rs. 27,307 crore at the end of March this year
(2015). This was followed by ICICI MF, which saw a growth of 80% in its retail
investors AUM to Rs. 24,639 crore, Birla Sun Life MF (63% to Rs 16,020 crore),
HDFC MF (46% to Rs 40,272 crore) and UTI MF (34% to Rs 35,124 crore).
Together, all 44 mutual fund houses manage assets
worth about Rs. 12 lakh crore. Most of the money was pumped in equity-oriented
schemes, which was supported by a sharp rally in share markets. The growth in
assets base is in line with the BSE's benchmark Sensex surging by 25% in the
past financial year.(2014-15)
MF's asset base for retail investors...!
Name of MF
Increase (%) Amount
Reliance MF
95% Rs. 27,307 crore
ICICI MF 80% Rs. 24,639 crore
Birla Sun
Life MF
63% Rs 16,020 crore
HDFC MF
46% Rs 40,272 crore
UTI MF 34% Rs 35,124 crore
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