Individual Investors' Asset Base Up 32%

By siliconindia | Thursday, 05 February 2015, 10:23 Hrs

NEW DELHI: Individual investors have increased their assets base by 32% over the last nine months of the current fiscal year to 5.24 lakh crore.

"Individual investors held 5.24 lakh crore in mutual funds as of December 2014, an increase of 31.68% over March 2014," according to data from the Association of Mutual Funds of India.

These individuals' assets have mainly come from the top 15 locations and are primarily distributor driven.

"About 72% of the assets of individual investors are from top 15 cities, brought in by distributors," AMFI said.

Together, all 45 mutual fund houses manage assets worth over 11 lakh crore.

Industry insiders said the key contributing factors for increase in individual investors' asset base was an uptick in sentiments and expectations of an investor-friendly and reforms-oriented government delivering on policy changes.

Source: PTI