Mumbai: Corporate, banks and foreign institutional investors collectively control more than half the assets of Indian mutual fund industry, data compiled by the Association of Mutual Funds in India (AMFI) show.
The first ever break-up of investor class released by the trade body shows retail and high networth individuals held Rs1.8 trillion worth of mutual funds or just over 43% of the industry’s Rs4.2 trillion assets at the end of March.
Fixed income funds, which contributed 70% to the industry’s assets, is dominated by the non-retail investors. They controlled nearly three quarters of the Rs2.9 trillion assets of fixed income funds that include money market funds.
Retail and high networth individuals were the main investors of equity funds that managed Rs1.1 trillion at the end of March, the data shows.
AMFI plans to release the data every six months, a trade body official said.