Analysis

Local MFs tighten equity AUM grip further, close in on FPIs

Local MFs tighten equity AUM grip further, close in on FPIs
iStock

Synopsis

In the last five years, the share of local funds rose by more than 500 basis points aided by an investment of Rs 5.3 lakh crore compared with Rs 3.1 lakh crore poured by foreign portfolio investors.

By , ET Bureau
2 mins read, Last Updated:
The heft of domestic mutual funds has been rising amid an unabated inflow from retail investors. Their share in the equity assets under management (AUM) by institutions rose by 152 basis points to a record 20.1% in March 2024, the data from NSDL showed. This has reduced the gap between the proportion of the AUMs of domestic and foreign institutional investors to under 1%. In the last five years, the share of local funds rose by more than 500
( Originally published on Apr 08, 2024 )

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