Share of T15 locations in MF assets stand at 84% in Dec

India Infoline News Service | Mumbai | February 05, 2015 15:16 IST

Over 16.3% of the assets of the mutual fund industry came from B15 locations in December 2014

The share of T15 locations in the assets of the mutual fund industry, dropped from 84.4% in March 2014 to 83.7% in December 2014, according to the data released by AMFI.
Over 16.3% of the assets of the mutual fund industry came from B15 locations in December 2014. 
Assets from B15 locations grew from Rs.1.41 trillion in March 2014 to Rs. 1.85 trillion in December 2014, the data added.
The growth rate for the mutual fund industry was 26% during this period, while growth rate in assets for B15 locations was 31.18%.
The B15 locations have a better balance of equity and non-equity assets. The T15 locations are skewed in favour of non-equity assets due to the concentration of institutional investors.
There was a shift away from non-equity schemes to equity schemes since March 2014. This was more marked in T15 locations.
Of all the individual assets managed by the industry, 23% comes from the B15 locations. About 11% of institutional assets come from B15 locations. The shares of B15 assets has increased for both categories since March 2014.
Over 36% of the assets of the mutual fund industry came directly. A large proportion of direct investments were in non-equity oriented schemes where institutional investors dominate.
About 11% of the retail investors chose to invest directly, while 14% of HNI assets were invested directly. The proportion of direct investments in equity, to the total assets held by individual investors, is 4.8% in December 2014.
Equity-oriented schemes include equity and balance funds. Institutions include domestic and foreign institutions and banks. HNIs are investors who invest with a ticket size of Rs. 5 lakh or above.
 

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