Large proportion in total equity AUM is asset under management of LTF and RMF-equity funds as documented in Table 4 Panel A. LBs have largest market share in LTF and RMF-equity throughout 2006 to 2010. LTF and RMF-equity market shares of LBs have grown from in 2006 to in 2010. LTF and RMF-equity gain their popularity via commercial bank distribution channels as indicated in the last column of Table 6. Market share of all AMCs related with commercial banks (BR) increased from in 2006 to in 2010. The findings lead to the conclusion that distribution.
