Measured by returns in 2013, the top 10 funds had only three from large houses; nimble strategy could be a factor.
IT, pharma and FMCG stocks are the top performers in 2013.
After relentlessly selling shares for most of 2013, India's equity mutual fund managers have turned buyers in the fag-end of the year.
The 46-year-old chairman of the Aditya Birla Group has made at least 28 acquisitions since he took the reins of the group 18 years ago.
The move comes less than two months after the Union Budget clarified that returns from pass through certificates were tax-exempt.
Many fund managers at domestic institutions had cut their exposure to Infosys shares ahead of the March quarter earnings.
The state's tax department had collected Rs 64 crore (Rs 640 million) from ACC, against which the company moved the Himachal Pradesh High Court.
Investors redeem units worth Rs 2,000 crore in October.
Unitech, a New Delhi-based real estate developer, has said various bills related to land and real estate sector may impact the sector's growth if various stakeholders' interests are not taken care of.
With the prevailing uncertainty in equity markets and an indefinite postponement of hopes of any recovery, retail investors accessing stock markets through equity mutual fund schemes are wriggling out fast.
They say enough correction already; monthly net investment hits 24-month high.
Not many takers for debt funds with longer maturity.
Data shows of the 385 companies, which had announced their latest shareholding, fund houses cut their stake in about 200.
Foreign fund houses outperformed their domestic peers in terms of garnering assets in 2010-11.
An ETF is an investment fund traded on stock exchanges, much like stocks. An ETF holds assets such as stocks, commodities or bonds.
The growth will happen in the asset management market, as the Indian population is richer and economy would continue to grow.
At a time Life Insurance Corporation (LIC) is under the scanner due to the alleged bribe-for-loan scam at its housing finance arm, the mutual fund company of the corporation has been continuously losing business. Its assets have dipped substantially this year. As the mutual fund industry faces redemption pressure, LIC Mutual Fund, a state-owned fund house, has performed worse than the industry so far in the current financial year.
Data from the Association of Mutual Funds in India show that in 2010-11 till date, gold ETFs have seen net inflows rise by close to four times, to Rs 1,169 crore (Rs 11.69 billion), compared with Rs 312 crore (Rs 3.12 billion) during the same period last year.
Though it has been more than six months since the ban on entry load on mutual funds (MFs) came into force, independent financial advisors (IFAs) are still shying away from selling MFs.
The company, which had not ventured out of Rajasthan so far, obtained licences for mining limestone in three states. However, the company says land acquisition is proving a problem.
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