Between April 2016 and June 2019, the SIP route has brought Rs.2.30 lakh crore to the industry. This accounts for 19% of overall increase in the MF industry’s total AUM during the same period.
While the top five states (based on AUM) still dominate the MF industry, their total AUM share declined from 72% to 70% in the past five years. This is due to faster growth in other regions.
The recently released AMFI-BCG report suggests leveraging the existing network of post offices and rural regional banks and allowing AMCs to have ‘tied’ model.
Ankur Thakore, Chief Distribution Officer, L&T Mutual Fund and Soumendra Nath Lahiri, Chief Investment Officer, L&T Mutual Fund talk about L&T Balanced Advantage Fund.
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