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Skin in the game: MFs have bet over Rs 80,000 cr on their own schemes

Most of the money goes to debt schemes, but equity allocations are rising

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Sachin P Mampatta Mumbai

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When billionaire Warren Buffet started his first fund in 1956 with eleven investors, he invested a token amount of $100 of his own money as "skin in the game". Buffet denies it but he is credited with coming up with the term describing those running a fund risk some of their own money in it.

The mutual fund industry has more than Rs 81,200 crore riding on its schemes, shows a Business Standard analysis of data on sponsor and associate contributions from the Association of Mutual Funds in India (Amfi). The amounts haven’t changed with the increase in mutual fund