Nearly 40% of equity AUM concentrated in 20 schemes

The domestic mutual fund sector boasts of more than 500 schemes

The domestic mutual fund (MF) sector boasts of more than 500 schemes and over Rs 5 lakh crore of assets under management (AUM) but most of these are concentrated in a few schemes. 

According to data provided by Value Research Online, 20 equity schemes account for 40 per cent of the AUM. Most of these schemes belong to the top found houses and have at least five years of track record. 

These schemes also continue to attract a large portion of the incremental flows. Nine of the 20 schemes have assets more than Rs 10,000 crore. HDFC Mutual Fund's Equity Fund, Top