The mutual funds assets base of retail investors rose by a staggering 51 per cent to over Rs2.43 lakh crore at the end of March 2015 as against the year-ago level. According to mutual fund industry data, retail investors held Rs2,43,569 crore in MFs as of March 2015, higher than Rs1,61,783 crore held by them in March last year.
These individuals' assets have mainly come from the top 15 cities and are primarily distributor driven, industry insiders said. Among the top mutual fund houses, Reliance MF saw the highest growth, in the assets under management (AUM) of retail investors, both in percentage and absolute terms.
Reliance MF's asset base for retail investors rose 95 per cent, or Rs13,270 crore, to Rs27,307 crore at the end of March this year.