The average ticket size of retail segment for T15+B15 cities was Rs.1.55 lakh as on December 2016, says AMFI’s communication sent to fund houses.
If we include both retail and corporate segments, the average ticket size of the industry as a whole stood at Rs.3.12 lakh crore as on December 2016.
In terms of folio count, the average ticket size of each retail folio is Rs.68,000. Currently, the mutual fund industry has 5.28 crore folios as on December 2016. AMFI data shows that individual investors - retail investors and HNIs, hold 99% of these folios.
While retail investors constitute close to five crore folios, HNIs have close to 23 lakh folios in mutual funds. Institutional investors held another 5.38 lakh folios. The average ticket size of each folio in the mutual fund industry is Rs.3.11 lakh.
In MF parlance, an investment of Rs. 5 lakh or more by an individual is deemed to be HNI and below Rs. 5 lakh to be retail.
The growth in folio count is driven entirely by equity funds. Nearly 80% of the folios are in equity schemes. Individual investors hold over 99% of equity folios. The average ticket size of each equity folio is Rs.1.26 lakh as on December 2016. In addition, equity folios have a longer average holding period compared to debt and liquid folios. 38% of equity assets have been held for over 2 years.
Similarly, debt funds account for 17% of folio count and 98% percent of debt fund folios are held by individual investors. The average ticket size of debt funds is Rs.8.45 lakh per folio. Liquid funds account for only 1% of overall folio count of the industry. However, the average ticket size of this category is the highest compared to other categories with Rs.42 lakh per folio due to larger participation from HNIs and institutional investors.
Overall, institutional investors including FIIs have the largest ticket size in mutual fund folio count with Rs.10 crore per folio. This is followed by HNIs with an average ticket size of Rs.18.7 lakh per folio.
