Long-term investors' share in equity mutual funds on the decline

Proportion of assets held for at least a year has dropped below 50 per cent

The proportion assets held by long-term investors in equity mutual funds (MFs) has been on the decline.

Equity assets worth Rs 5.03 trillion (50.6 per cent of the total equity assets) have been held for no longer than 12 months. Also, equity assets, worth Rs 3.17 trillion (31.9 per cent of the total), are six months old, reveal the March-end data from the industry body Association of Mutual Funds in India (AMFI)

The share of equity assets held for over 24 months in the total equity asset under management (AUM) stood at 30.4 per cent at the end of March