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Institutional investors' mutual fund asset base increased by 21 per cent to over Rs 6 lakh crore in the first nine months of the current financial year. According to data from the Association of Mutual Funds of India (Amfi), institutional investors, which held Rs 5.04 lakh crore in mutual funds as of March 2014, raised their assets base to Rs 6.09 lakh crore at December-end. A large chunk of institutions assets are held in liquid or money market schemes and debt oriented schemes.
Together, all 45 mutual fund houses manage assets worth over Rs 11 lakh crore.
"Institutional investors dominate liquid and money market schemes with 92 per cent, followed by debt-oriented schemes (60 per cent)," it added.
