Despite boom, a third of funds manage less than Rs 100 cr each

25% schemes hold less than Rs 50 crore, making a case for their mergers since costlier for investors

Despite the recent rally in the stock market and robust inflows into equity schemes, one of every three equity schemes in the mutual fund (MF) universe managed assets of less than Rs 100 crore.

Overall, 191 of the 523 equity schemes had assets of less than Rs 100 crore as of May 31, data from Value Research shows. Of these, 139 held assets less than Rs 50 crore and 50 had assets less than Rs 10 crore. The size of these schemes belies the growth seen in several others on the back of record inflow through systematic investment plans (SIPs).