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Birla Sun Life MF to increase equity investor base

The fund house is opening zero account folios of investors who can invest in MF schemes in future

March 31, 2014 2:01 IST | India Infoline News Service
Birla Sun Life Mutual Fund aims to increase its equity assets by 40% to Rs. 6,000 crore in the next financial year from Rs 4,300 crore, according to a media report.
At present, the average assets under management of the fund house stand at Rs. 90,000 crore.
Equity asset base of the MF industry constituted only around 20% of their total AUMs of Rs 9.16 trillion as of end February with the rest coming in from the debt segment, the report added
The private MF house is looking at increasing equity investor base by turning the inactive folios into active ones. The fund house is opening zero account folios of investors who can invest in MF schemes in future.

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