The country's mutual fund (MF) sector is seeing a rising number of equity schemes with assets now worth at least Rs 10,000 crore each. In 2015, such schemes doubled in number from three to six, and another is barely Rs 100 crore away from getting into this group.
Interestingly, this was in a year when the key benchmark indices lost around eight per cent; these are down 14 per cent from their all-time highs.
The six schemes mentioned earlier are HDFC Equity Fund, HDFC Top 200, Reliance Equity Opportunities Fund, ICICI Prudential Value Discovery Fund, HDFC Mid Cap Opportunities and Birla Sun Life Frontline Equity Fund. Together, they manage assets worth Rs 74,000 crore, nearly a fifth of overall equity assets.
