Mutual Fund: Retail Investors Asset Base Surges 51% to Rs 2.43 Lac Cr

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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