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MF News Ticket size in equity schemes is Rs.1.61 lakh

Ticket size in equity schemes is Rs.1.61 lakh

Average ticket size in equities falls from Rs. 1.66 lakh in June 2018 to Rs. 1.61 lakh in September 2018.
Team Cafemutual Nov 9, 2018

The average ticket size in equity funds fell marginally by 3% in the last quarter. The fall in ticket size was seen across institutional investors (3%) as well as individual investors (2%).

Equity funds include balanced funds and ETFs that track indices besides pure equity funds and ELSS in equity funds. Institutional investors include both domestic and foreign institutions while individual investors consist of both HNIs and retail investors.

Average ticket size in equity funds (Rs.)

 

June 2018

September 2018

Change

Institutional

8337245

8068967

-3%

Individual

133392

130258

-2%

Total

166347

161624

-3%


Source: AMFI

Liquid funds too experienced a fall in average ticket size. A huge drop in AUM (Rs. 63,056 crore) and a substantial increase in folio count 1.73 lakh caused the average ticket size to drop from Rs. 37.28 lakh to Rs. 28.17 lakh during the quarter. However, the trend differed across categories of investors. September being the half-year typically many institutional investors pull out their investments from liquid funds. On the other hand, individual investors seem to have embraced liquid funds with a gusto. The AUM of  Individual investor category in liquid funds increased from Rs. 56,297 crore to Rs. 71,138 crore between June and September while the folios increased from. 11.85 lakh to 13.57 lakh.

Average ticket size in liquid funds (Rs.)

 

June 2018

September 2018

Change

Institutional

94338618

72655323

-23%

Individual

474933

524250

10%

Total

3728474

2816805

-24%

 

   Source: AMFI

Ongoing outflows from debt markets coupled with a marginal decrease in folio count resulted in the average ticket size falling by 5% during the quarter ending September 2018. Debt funds include both debt and gilt funds.

Average ticket size in debt funds (Rs.)

 

June 2018

September 2018

Change

Institutional

35246894

32337564

-8%

Individual

333232

335935

1%

Total

782390

743733

-5%

 

Source: AMFI

Overall, retail and HNI ticket size fell by 2% during the quarter.  Highest fall in ticket size was observed in corporates majorly due to Rs. 71,558 crore of outflow from liquid funds recorded in the category during the quarter.

Overall average ticket size in debt funds (Rs.)

 

Jun-18

Sep-18

Change

Retail

78,799

77,318

-2%

HNI

16,13,631

15,77,704

-2%

Foreign and domestic institutions

11,19,39,286

10,44,86,791

-7%

Corporates

2,38,59,260

2,07,74,290

-13%

 

Source: AMFI

 

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