20-07-2025
- Business
- Business Standard
One scheme no longer fits all: Sebi plans split routine as funds bulk up 7x
Watchdog flexes clone-and-cap fix as AUM bloat strains category limits
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Mumbai
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Actively managed mutual fund schemes with assets over ₹50,000 crore have jumped from just two in March 2023 to 14 by June 2025 — a sevenfold leap.
Powering this growth are buoyant equity markets and a steady stream of fresh inflows. Parag Parikh Flexi Cap and HDFC Balanced Advantage (BAF) now sit above the ₹1 trillion mark.
In March 2023, only two schemes — HDFC BAF and SBI Equity Hybrid — had assets under management (AUM) of ₹50,000 crore.
That 'mega' club is likely to swell further, with several more funds closing in on the ₹50,000 crore AUM line. As