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Retail investors' interest in the Indian mutual fund industry has seen an uptick with the value of assets held by them witnessing a rise of 9.3 per cent to Rs 23.4 lakh crore in January this year. In comparison, the value of assets held by retail investors in mutual funds stood at Rs 21.40 lakh crore in January 2022, latest data with the Association of Mutual Funds in India (Amfi) showed. However, the value of institutional assets has marginally decreased to Rs 17.42 lakh crore in January 2023, from Rs 17.49 lakh crore in January 2022. Industry insiders believe the increase in asset base is mostly the result of advanced SIP (Systematic Investment Plan) flows, which touched Rs 13,000-crore for the fourth time in a row in January this year. In addition, industry body Amfi has played an important role in driving awareness towards mutual funds among retail investors. As per the data, flows through SIP rose to Rs 13,856 crore in January from Rs 13,573 crore in December. This was the fo
Even as markets have grown manifold during the past two decades and so have mutual funds, retail investors made the least compared to fund houses in all asset classes as they have been churning their portfolios too fast when markets turned choppy, according to a report. According to an analysis of investor returns during the past two decades -- from 2003 to 2022 -- by Axis Mutual Fund, retail investors' returns were the lowest and those of fund houses the highest, be it in equity or hybrid funds (2003-22) and debt funds (2009-22). And the Axis AMC analysts attribute this mainly to the frequent churn that investor portfolios faced when the market turns choppy. Between 2003 and 2022, when fund houses gained as much as 19.1 per cent from equity funds investments, investors, primarily retail, gained the lowest at 13.8 per cent, while systematic investment returns were higher at 15.2 per cent, the analysts said. Similarly, investors' returns from hybrid funds were the lowest at 7.4 per