MF Update: T30 still rule the roost
The market regulator, SEBI is trying its best to increase the penetration of mutual fund investment beyond top 30 cities by tweaking the incentive structure for mutual fund houses and conducting investor awareness programmes. Despite such efforts, most of the investments done by retail investors come from T30 cities (T30, Top 30 cities as identified by AMFI). At the end of September 2018, 78 per cent of the assets of individual investors is from T30 cities.
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)
Besides, retail investors are still taking help of distributors to invest in mutual fund schemes. SEBI in the year 2013 asked mutual fund houses to launch direct plans which investors can buy directly through fund houses. The direct plans have lower expense ratio and give better returns than their regular counterpart. Only 16 per cent of the total retail investor bought their fund directly, rest brought mutual fund schemes through distributors.
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)
On probing further, we find that investment in the direct plan is mainly routed through T30 cities. Top 30 cities account for 14 per cent of direct investment out of the total 16 per cent. This means that only 2 per cent of the investments that originated from B30 cities are direct plans.