AMFI puts out AUM statistics of mutual funds once a quarter. Here are some key take aways.
The Top 5 Dominate
Between 2009 and 2014, the top 5 players have remained the same: HDFC, ICICI, Birla Sun Life and Reliance. And their share has remained more-or-less the same: 56.96% in 2009 and 54.6% now.
32 out of a total of 46 funds have less than 2% share, 29 have less than 1%
There are way too many schemes
There are 1066 equity schemes (all permutations and combinations.) The top 2 schemes (both from HDFC) have more than 10% of AUM and the top 10 have about 30%. The rest of them fight for scraps.
Direct plans even the playing field
… a bit.
PPFAS has a 5% share of all direct plans.
However, Direct plans are yet to make a dent
Equity AUM under direct plans have doubled since last year. This ought to be giving distributors sleepless nights…
