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  • MF News IFAs and NDs create 35% of the total new folio count

    IFAs and NDs create 35% of the total new folio count

    Of the total 97 lakh new folios created in April-December 2018, IFAs and national distributors together account for 33.83 lakh new investor folios.
    Team Cafemutual Feb 22, 2019

    Recent MFDEx data shows that IFAs and national distributors (NDs) have added 33.83 lakh folios in the first nine months of this financial year. This means that they have contributed 35% of the industry’s 97.08 lakh folios.

    Amongst the two, IFAs have added close to 15 lakh folios. Majority of the folios have come from T30 locations (9.4 lakh).

    Of the 18 lakh folios added by NDs, 13.70 lakh come from T30 cities. Many IFAs empanel with NDs under the sub-broking model to simplify their business operations.

    MFDEx covers 96% of the industry’s data.

    Banks account for 19% of the new folio registrations in April – December 2019. PSU banks have added 7.43 lakh folios while private banks have added 10.53 lakh folios during the period.

    Direct channel too has contributed majorly to new folio creation adding 21.82 lakh folios. It is likely that majority of these folios have been activated by RIAs. A December end CAMS report showed that RIAs accounted for over 60% of new folio creation under direct plans. The report covered only CAMS serviced fund houses (67% of the industry).

    Online distributors represented by the others category too have added 21.22 lakh folios during the period. The entry of online players have helped the growth of folios in this space.   

    New folio creation

    Distributor Category

    T30

    B30

    Total

    Direct

    14,04,660

    7,77,781

    21,82,441

    IFA

    9,40,676

    5,54,748

    14,95,424

    National Distributors

    13,70,148

    5,18,337

    18,88,485

    PSU Banks

    3,81,989

    3,61,807

    7,43,796

    Other Banks

    7,34,296

    3,19,177

    10,53,473

    Regional Distributors

    1,72,951

    48,922

    2,21,873

    Others

    13,28,772

    7,94,003

    21,22,775

    Total

    63,33,492

    33,74,775

    97,08,267

    Source: CAMS MF Trends report  

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    3 Comments
    Vinod kr singh · 5 years ago `
    Thanks for update
    Navin · 5 years ago `
    Very useful data
    Doddi Venkata Ramana · 5 years ago `
    Still, Direct has given 22 lakh folios and they are substantial. the above article would like to ignore that. may be these are added by Fintech cos and AUM would have much lesser compared to others. but folios are good to understand and imply.
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