An analysis of AMC folio data shows that the top 15 fund houses added 43.17 lakh folios in FY15-16. Their investor base grew from 3.78 crore to 4.21 crore, shows AMFI data.
Among the top 15 players in terms of AUM, UTI regained the 1 crore investor base mark last fiscal as its folios grew from 96.53 lakh in FY14-15 to 1.05 crore in FY15-16. UTI saw the highest growth in investor base as it added 8.71 folios last fiscal. UTI MF had crossed 1 crore investor base earlier in January 2010 but saw some attrition in folios due to adverse market conditions.
“The folio addition has happened across products. We have a high focus on SIP which helped us onboard new investors. Besides, our goal oriented products helped us attract new clients in B15 market,” says Gaurav Suri, Senior EVP and Head – Marketing, UTI Mutual Fund. Although UTI isn’t the largest fund house in terms of AUM, it has the highest investor base as it gets a large chunk of inflows from IFAs.
ICICI Prudential saw the second highest growth in folios as its investor base grew from 33.59 lakh to 40.50 lakh during the same period. “Our SIP book has grown and majority of the folio growth has happened in equity,” says Raghav Iyengar, EVP & Head, Retail & Institutional Business, ICICI Prudential Mutual Fund.
The third highest growth was recorded by Axis. Its investor base grew from 10.20 lakh to 16.65 lakh last fiscal, making it the fastest growing in percentage terms.
After UTI, Reliance holds the mantle of having the second largest investor base at 59.13 lakh, followed by HDFC (56.14 lakh) and SBI (43.87).
Sundaram MF’s folio data showed that the fund house had the same investor base of 12.02 lakh for FY14-15 and FY15-16 possibly due to error in data.
Industry officials say that the growth in folios is largely due to good traction in equity sales. SEBI data shows that the industry has added over 43 lakh folios in equity funds, including ELSS. Other categories like balanced funds and income funds too saw a growth in folios last fiscal. As a result, the industry’s investor base increased from 4.17 crore in March 2015 to 4.76 crore in March 2016.
Folio growth of top 15 AMCs
|
AMC |
FY14-15 |
FY15-16 |
Change |
|
UTI |
9,653,293 |
10,524,422 |
871,129 |
|
Reliance |
5,560,420 |
5,913,659 |
353,239 |
|
HDFC |
5,210,046 |
5,614,906 |
404,860 |
|
SBI |
4,215,144 |
4,387,901 |
172,757 |
|
ICICI Pru |
3,359,853 |
4,050,544 |
690,691 |
|
DSPBR |
3,048,583 |
3,266,391 |
217,808 |
|
Franklin Templeton |
2,016,808 |
2,533,348 |
516,540 |
|
Axis |
1,020,830 |
1,665,908 |
645,078 |
|
Sundaram |
1,202,301 |
1,202,301 |
- |
|
Tata |
952,312 |
1,109,880 |
157,568 |
|
L&T |
816,406 |
908,292 |
91,886 |
|
Kotak Mahindra |
767,561 |
894,171 |
126,610 |
|
DHFL Pramerica |
33,542 |
103,008 |
69,466 |
|
Total |
37,857,099 |
42,174,731 |
4,317,632 |
|
Source: AMFI |
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