New Delhi, March 3 -- The Indian mutual fund industry continues to be dominated by a few large asset management companies (AMCs), with the top players managing most of the industry's assets, according to the latest AMFI-Crisil Factbook.

The report highlighted that the top five AMCs in India account for around 56 per cent of the total mutual fund (MF) assets, while the top 10 AMCs hold nearly 78 percent.

It said "The Indian mutual fund industry remains significantly concentrated among the top AMCs, which collectively manage the majority of the industry's assets".

The report also added that a similar pattern is observed in the United States. The top five fund houses in the US also control 56 per cent of the total assets, but the top 10 f...