Equity MF Rs 10k-cr club swells to ten schemes

During the peak of 2007 bull run, only four schemes had assets of over Rs 5,000 cr

The sustained money flowing into the mutual fund (MF) sector in the past two years by way of systematic investment plans (SIPs) has propelled the assets of several equity schemes into the Rs 10,000-crore club.

While just three schemes were part of this club two years ago, as many as 10 schemes today manage assets of over Rs 10,000 crore. To put this in better perspective, even at the peak of the bull run in late 2007 there were four schemes with assets of over Rs 5,000 crore, with the largest equity scheme handling just about Rs 6,400 crore.

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