Individual investor share in mutual funds at record high, shows data

Nearly Rs 6 out of every Rs 10 in individual MF investments are in equity schemes

Retail investors and high networth individuals (HNIs) together accounted for a more than 60 per cent share in the mutual fund (MF) industry’s assets in 2022-23 – the highest since records began in 2009-10. Companies, banks, and other institutions accounted for the rest of the assets.

The total MF assets of retail investors across schemes touched Rs 10.07 trillion as of March 2023, data compiled by the Centre for Monitoring Indian Economy (CMIE) shows. If the investments made by HNIs are factored in, then individual investors’ assets touched Rs 23.7 trillion. Of this, equity mutual funds, the top investment choice,