New Delhi, Aug. 18 -- The composition of mutual fund ownership has changed significantly over the past 13 years, with corporates losing share while high-net-worth individuals (HNIs) and retail investors have increased their presence.

According to the latest SEBI Handbook of Statistics, corporates accounted for 50.1% of mutual fund assets under management (AUM) in April 2013, but their share had declined to 36.7% by March 2026.

At the same time, HNIs' share of mutual fund AUM rose from 26.4% in April 2013 to 35.2% in March 2026, while the retail segment's share increased from 17.1% to 27.1%.

Banks saw the sharpest decline after corporates, with their share falling from 6.4% to just 1% over the same period.

Taken together, HNIs and reta...