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 Rege Jun 11, 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

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2 Comments

suraj · 5 years 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 · 5 years 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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