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MF News Aditya Birla Sun Life, HDFC and ICICI Pru saw highest folio growth last fiscal

Aditya Birla Sun Life, HDFC and ICICI Pru saw highest folio growth last fiscal

In percentage terms, Mahindra MF, L&T MF and Motilal Oswal MF saw highest growth in their folio count in FY 2017-18.
Shreeta Jun 10, 2018

An analysis of AMFI data on folio count shows that top 10 AMCs (in AUM terms) account for 84% of the total industry folios. The total folio count of these fund houses grew 23%, from 4.85 crore in FY 2016-17 to 5.98 crore in FY2017-18, an increase of over 1.13 crore folios in a year. In 2016-17, the top 10 AMCs constituted 85% of the total industry folios.

The total folio count of the MF industry stood at 7.14 crore, as on March 2018.

UTI MF retained the top spot with 1.07 crore folios with 15% market share. However, compared to last year its total number of folios decreased marginally by 1%.  Reliance MF and HDFC MF followed UTI  MF with 81.72 lakh folios (11% market share) and HDFC MF with 81.23 lakh folios (11% market share) respectively.

In absolute terms, Aditya Birla Sun Life MF leads the pack with 20.92 lakh new folios that is a 53% increase in folio count. A. Balasubramanian, CEO - Aditya Birla Sun Life AMC attributes the increase in folios to their focus on expanding their retail investor base.

Following on the heels of Aditya Birla Sun Life MF are HDFC MF with 19.01 lakh folios, ICICI Prudential MF with 16.59 lakh folios and SBI MF with 15.30 lakh folios. D. P. Singh, ED and CMO, SBI MF feels that the fund house’s presence across multiple locations, SBI bank’s spread across remote locations in India and new fund launches (NFOs) have helped the fund house attract new investors.

Folio growth in absolute terms: FY 2017-18

Rank

Fund House

Total Number of Folios
March 2018

Total Number of Folios
March 2017

Number of Folios added

Market Share in terms of folio holding

1

Aditya Birla Sun Life Mutual Fund

6049280

3957325

2091955

8%

2

HDFC Mutual Fund

8123307

6221774

1901533

11%

3

ICICI Prudential Mutual Fund

6654129

4994923

1659206

9%

4

SBI Mutual Fund

6714520

5184873

1529647

9%

5

L&T Mutual Fund

2443739

1058840

1384899

3%

6

Reliance Mutual Fund

8172431

6846156

1326275

11%

7

DSP BlackRock Mutual Fund

5014001

4066627

947374

7%

8

Kotak Mahindra Mutual Fund

2053981

1222889

831092

3%

9

Axis Mutual Fund

2723311

2102043

621268

4%

10

Mirae Asset Mutual Fund

938894

435061

503833

1%

11

Franklin Templeton Mutual Fund

3638177

3145123

493054

5%

12

Motilal Oswal Mutual Fund

742130

341279

400851

1%

13

Tata Mutual Fund

1454860

1153594

301266

2%

14

Sundaram Mutual Fund

1678275

1430764

247511

2%

15

Canara Robeco Mutual Fund

830608

643349

187259

1%

16

Invesco Mutual Fund

421463

297442

124021

1%

17

Mahindra Mutual Fund

126737

37814

88923

0%

18

PRINCIPAL Mutual Fund

513140

430581

82559

1%

19

IDBI Mutual Fund

321939

249449

72490

0%

20

Union Mutual Fund

202861

132411

70450

0%

21

BNP Paribas Mutual Fund

269046

208454

60592

0%

22

Baroda Pioneer Mutual Fund

360734

309415

51319

1%

23

Edelweiss Mutual Fund

140551

96930

43621

0%

24

PPFAS Mutual Fund

19033

11297

7736

0%

25

Essel Mutual Fund

53833

47138

6695

0%

26

Quantum Mutual Fund

60702

56260

4442

0%

27

LIC Mutual Fund

332415

330422

1993

0%

28

IIFL Mutual Fund

19941

18826

1115

0%

29

DHFL Pramerica Mutual Fund

111428

111135

293

0%

30

Shriram Mutual Fund

4462

5330

-868

0%

31

Sahara Mutual Fund

16540

18736

-2196

0%

32

Taurus Mutual Fund

120732

126107

-5375

0%

33

JM Financial Mutual Fund

143021

154336

-11315

0%

34

HSBC Mutual Fund

140099

156459

-16360

0%

35

UTI Mutual Fund

10712390

10769529

-57139

15%

36

BOI AXA Mutual Fund

60508

NA

 

0%

37

Escorts Mutual Fund

NA

NA

 

 

38

IDFC Mutual Fund

NA

658445

 

 

39

IIFCL Mutual Fund (IDF)

NA

NA

 

 

40

IL&FS Mutual Fund (IDF)

74

NA

 

0%

41

Indiabulls Mutual Fund

NA

7378

 

 

42

SREI Mutual Fund (IDF)

NA

NA

 

 

Source: AMFI

Amongst other mutual funds, L&T MF and Kotak Mahindra MF have substantially increased their investor base with L&T MF, more than doubling its folio count by recording a 131% increase in folios compared to last year. Kailash Kulkarni, CEO, L&T MF ascribes this growth to three factors – good performance of schemes, increased distributor engagement and significant increase in investments through online platforms.

Manish Mehta, National Head – Sales, Kotak Mahindra MF credits the 68% increase in folios to the various campaigns conducted by the fund house, support from financial advisors, consistent scheme performance and positive experience of existing investors. “Last year, we conducted many IAPs and SIP campaigns, which helped improve our visibility and increased acceptance amongst retail investors. This combined with strong support from our distribution partners have helped us in acquiring new investors.”

 

Folio growth in percentage terms: FY 2017-18

Rank

Fund House

Total Number of Folios
March 2018

Total Number of Folios
March 2017

Percentage change

1

Mahindra Mutual Fund

126737

37814

235%

2

L&T Mutual Fund

2443739

1058840

131%

3

Motilal Oswal Mutual Fund

742130

341279

117%

4

Mirae Asset Mutual Fund

938894

435061

116%

5

PPFAS Mutual Fund

19033

11297

68%

6

Kotak Mahindra Mutual Fund

2053981

1222889

68%

7

Union Mutual Fund

202861

132411

53%

8

Aditya Birla Sun Life Mutual Fund

6049280

3957325

53%

9

Edelweiss Mutual Fund

140551

96930

45%

10

Invesco Mutual Fund

421463

297442

42%

11

ICICI Prudential Mutual Fund

6654129

4994923

33%

12

HDFC Mutual Fund

8123307

6221774

31%

13

Axis Mutual Fund

2723311

2102043

30%

14

SBI Mutual Fund

6714520

5184873

30%

15

Canara Robeco Mutual Fund

830608

643349

29%

16

BNP Paribas Mutual Fund

269046

208454

29%

17

IDBI Mutual Fund

321939

249449

29%

18

Tata Mutual Fund

1454860

1153594

26%

19

DSP BlackRock Mutual Fund

5014001

4066627

23%

20

Reliance Mutual Fund

8172431

6846156

19%

21

PRINCIPAL Mutual Fund

513140

430581

19%

22

Sundaram Mutual Fund

1678275

1430764

17%

23

Baroda Pioneer Mutual Fund

360734

309415

17%

24

Franklin Templeton Mutual Fund

3638177

3145123

16%

25

Essel Mutual Fund

53833

47138

14%

26

Quantum Mutual Fund

60702

56260

8%

27

IIFL Mutual Fund

19941

18826

6%

28

LIC Mutual Fund

332415

330422

1%

29

DHFL Pramerica Mutual Fund

111428

111135

0%

30

UTI Mutual Fund

10712390

10769529

-1%

31

Taurus Mutual Fund

120732

126107

-4%

32

JM Financial Mutual Fund

143021

154336

-7%

33

HSBC Mutual Fund

140099

156459

-10%

34

Sahara Mutual Fund

16540

18736

-12%

35

Shriram Mutual Fund

4462

5330

-16%

36

BOI AXA Mutual Fund

60508

NA

 

37

Escorts Mutual Fund

NA

NA

 

38

IDFC Mutual Fund

NA

658445

 

39

IIFCL Mutual Fund (IDF)

NA

NA

 

40

IL&FS Mutual Fund (IDF)

74

NA

 

41

Indiabulls Mutual Fund

NA

7378

 

42

SREI Mutual Fund (IDF)

NA

NA

 

Source: AMFI

2 Comments
suraj · 1 week ago
I have request to amfi and sebi Plz provide only active folio data. Share zero folio details too so that true pictures will come. I have request to amfi and sebi try to consolidate investor folios. Many investors have 5-10 folios in a one fund house. Once zero folio and consolidation will done th. True picture will come
Sonali · 1 week ago
Where in AMFI one can find this data? I am not able to find it in their website? If somebody has the urls, plz share. Thanks.
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