Industry added 22.91 lakh retail folios last quarter taking the total folio count to 7.53 crore in December, shows AMFI data. HNI folios too grew by 82,105 to reach 45.43 lakh folios during the period.
The industry folios have nearly doubled from 4.03 crore to 8.03 crore in the last four years (ending December 2018). Retail folios saw a steady growth between June 2016 to March 2018 before slowing down in the last few months. The market volatility in the last few months may have contributed to this slowdown. Compared to retail folios, the increase in HNI folios has been more erratic with intermittent spurts and slowdown. Despite both retail and HNI folios growing at a slower rate in the last few months the total growth continues to be positive.
Overall, retail investors account for 94% of the industry’s folios while retail and HNI investors combined account for 99.5% of the industry’s folios.
The dominance of individual investors (retail + HNI) in folios is reflected in the asset class wise folio division as well. Retail investors primarily invest in equity schemes. Similarly, majority of the folios are in equity schemes (84%). Meanwhile liquid category, which sees maximum institutional money, accounts for just 1.9% of the folios and debt fund have 12.2% of investor folios.
Few offshoots in terms of ticket size
The last quarter saw a marginal increase in equity ticket size from Rs. 1.49 lakh to Rs. 1.51 lakh. However, there was a significant uptick in ETF and fund of fund (FoF) ticket size on account of CPSE NFO. The ETF ticket size grew from Rs. 7.98 lakh to Rs 8.68 lakh during the period. Liquid also saw a slight increase in average ticket size from Rs. 28.16 lakh to Rs. 28.65 lakh. Debt however saw a slight fall in average ticket size from Rs. 7.43 lakh to Rs. 7.16 lakh.
Basis investor profile the average ticket size of both institutional (Rs. 78.83 lakh) and retail investors (Rs. 5.01 lakh) is highest in liquid funds and lowest in equity funds with Rs. 5.02 lakh institutional and Rs. 1.32 lakh individual investor average ticket size.
Equity includes equity and balanced funds while debt includes gilt and income schemes.
Ticket size and folios
|
Equity |
|||
|
AUM (Rs. Cr) |
No of Folios |
Average ticket size |
|
|
Institutional |
127685.98 |
254149 |
5024060 |
|
Individual |
895779.57 |
67376005 |
132952 |
|
Liquid |
|||
|
AUM (Rs. Cr) |
No of Folios |
Average ticket size |
|
|
Institutional |
370534.82 |
47007 |
78825456 |
|
Individual |
75694.04 |
1510251 |
501202 |
|
Debt |
|||
|
AUM (Rs. Cr) |
No of Folios |
Average ticket size |
|
|
Institutional |
376635.26 |
122439 |
30761053 |
|
Individual |
326013.88 |
9689030 |
336477 |
Source: AMFI
