Mutual funds have added a staggering Rs 1.24 lakh crore to their asset base in 2018 assisted by consistent increase in SIP flows and a robust participation of retail investors despite volatile markets.
The Reserve Bank of India has expressed concern over the concentrated portfolios of mutual funds, and has urged capital market regulator SEBI to consider investor-level concentration limit on the issuer to ensure diversification at the issuer-level.
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