Corporate houses, banks and financial institutions account for more than half of the mutual fund industry's total assets under management, while retail investors hold less than one-fourth of the assets, a report says.
According to the category-wise data released by the Association of Mutual Funds in India, corporate, banks and FIs controlled a combined Rs 2.23 lakh crore out of the total assets under management (AUM) of nearly Rs 4.2 lakh crore as on March 31.
The AMFI, which provides average AUM figures of all fund houses at the end of each month, has introduced this type of investor classification for the first time.
Meanwhile, retail investors held just Rs 91,805.61 crore out of the total assets of mutual funds at the end of March. The retail investors held Rs 75,693 crore in equity schemes, while Rs 16,112.50 crore investment was in non-equity schemes.
Retail investors have invested the most in equity oriented schemes at around Rs 70,000 crore, while their exposure in debt-oriented schemes was just Rs 8,070 crore and Rs 672 crore in money market funds.
Most of the investment by corporate houses was in non- equity schemes, mainly in fixed maturity plans and money market schemes.
Corporates invested as much as Rs 1,27,845.36 crore in fixed maturity schemes, while Rs 66,324 crore was in liquid or money market schemes.
