The concentration of mutual fund assets with the top 15 fund houses has fallen with recent entrants catching up fast, riding on the recent market rally and record collections through new fund offers.
The assets under management of the top-15 mutual funds accounted for 89 per cent or ₹52.35-lakh crore of total average industry AUM of ₹58.96-lakh crore in the June quarter. In the same period last year, the top-15 fund houses accounted for ₹39.27-lakh crore or 91 per cent of the total average AUM of ₹43.09-lakh crore, according to data sourced from the Association of Mutual Funds in India.
