Flows from domestic institutions have gained prominence in recent years. Inflows through systematic investment plans alone are around Rs4,000 per month currently. According to a data bureau service run by Computer Age Management Services, new account additions averaged 740,000 in the five months until January 2017, up from 580,000 in the preceding five months.
What does all of this add up to in terms of share of individuals in overall market capitalization? According to data collated by the Association of Mutual Funds in India (Amfi), equity mutual funds held by individuals amounted to Rs3.94 trillion at the end of December 2016. This is about 3.7% of the total market cap of stocks listed on BSE.
