The MF industry has started FY 2019-20 on a positive note. In April, it added 2.80 lakh folios raising the aggregate count to 8.27 crore from 8.25 crore in March.
The rise in the number of folios for the 59th consecutive month in April also helped AAUM of the MF industry soar past Rs.25 lakh crore in April.
ELSS has the highest number of folios at 1.15 crore, nearly 14% of the total folios in the MF industry. AAUM in the ELSS category stood at Rs.91,930 crore or 3.6% of the industry’s AAUM.
Next in the list of highest folio count is multicap funds category with 87.18 lakh folios or 10.5% of industry’s total folios. AAUM in multicap funds stood at Rs.1.52 lakh crore or 6% of industry share.
Both ELSS and multicap funds account for 25% of the total industry folios.
Large cap funds followed the two with a folio count of 81.79 lakh or 9.9% of industry’s folio share. AAUM in the large cap funds stood at Rs.1.26 lakh crore or 5% of industry’s AAUM as on April 2019.
Debt funds
Among debt funds, the highest number of folios existed in liquid funds. Ultra short duration fund and low duration fund followed the list.
In liquid funds, there were 14.51 lakh folios, which accounted for 1.8% of all the folios in the MF industry. AAUM of liquid funds stood at Rs.5.11 lakh crore or 20% of industry’s AAUM. This category has the highest AAUM as institutional investors park their money in bulk quantum.
In ultra-short duration funds, there were 5.91 lakh folios or 0.7% of industry’s folio share, the second highest among income/debt oriented funds. AAUM in the ultra-short duration funds stood at Rs.86,200 crore or 3.4% of industry’s share.
In low duration funds, there were 9.22 lakh folios or 1.1% of industry’s folio share. AAUM in this category of funds stood at Rs.90,670 crore or 3.6% of industry’s AAUM.
Industry Folio and AAUM
|
Scheme Name |
No. Of Folios in April 2019 |
Change in Folios % |
AAUM as for April 2019 (in Rs. Crore) |
Change in AAUM in % |
|
Open ended Schemes |
|
|
|
|
|
Income/Debt Oriented Schemes |
|
|
|
|
|
Overnight Fund |
21,363 |
0.03 |
11,566.84 |
0.46 |
|
Liquid Fund |
14,51,293 |
1.75 |
5,10,923.83 |
20.21 |
|
Ultra Short Duration Fund |
5,91,392 |
0.71 |
86,203.31 |
3.41 |
|
Low Duration Fund |
9,22,455 |
1.11 |
90,672.65 |
3.59 |
|
Money Market Fund |
2,84,325 |
0.34 |
59,200.30 |
2.34 |
|
Short Duration Fund |
2,63,140 |
0.32 |
80,722.69 |
3.19 |
|
Medium Duration Fund |
2,43,389 |
0.29 |
37,329.08 |
1.48 |
|
Medium to Long Duration Fund |
1,03,875 |
0.13 |
10,034.24 |
0.40 |
|
Long Duration Fund |
18,687 |
0.02 |
1,125.29 |
0.04 |
|
Dynamic Bond Fund |
2,12,622 |
0.26 |
19,881.43 |
0.79 |
|
Corporate Bond Fund |
1,93,906 |
0.23 |
60,431.67 |
2.39 |
|
Credit Risk Fund |
5,76,015 |
0.70 |
80,756.80 |
3.19 |
|
Banking and PSU Fund |
84,669 |
0.10 |
34,637.87 |
1.37 |
|
Gilt Fund |
64,848 |
0.08 |
7,532.04 |
0.30 |
|
Gilt Fund with 10-year constant duration |
10,400 |
0.01 |
538.71 |
0.02 |
|
Floater Fund |
1,33,693 |
0.16 |
30,140.44 |
1.19 |
|
Sub Total - I |
51,76,072 |
6.26 |
11,21,697.21 |
44.38 |
|
|
|
|
|
|
|
Growth/Equity Oriented Schemes |
|
|
|
|
|
Multi Cap Fund |
87,18,034 |
10.54 |
1,51,782.16 |
6.00 |
|
Large Cap Fund |
81,79,430 |
9.89 |
1,26,132.41 |
4.99 |
|
Large & Mid Cap Fund |
43,52,083 |
5.26 |
51,506.08 |
2.04 |
|
Mid Cap Fund |
61,28,989 |
7.41 |
75,976.24 |
3.01 |
|
Small Cap Fund |
49,46,766 |
5.98 |
44,279.32 |
1.75 |
|
Dividend Yield Fund |
5,05,530 |
0.61 |
4,839.70 |
0.19 |
|
Value Fund/Contra Fund |
44,65,360 |
5.40 |
58,522.09 |
2.32 |
|
Focused Fund |
28,65,887 |
3.46 |
37,121.88 |
1.47 |
|
Sectoral/Thematic Funds |
63,17,911 |
7.64 |
62,238.72 |
2.46 |
|
ELSS |
1,14,84,832 |
13.88 |
91,930.22 |
3.64 |
|
Sub Total - II |
5,79,64,822 |
70.06 |
7,04,328.83 |
27.87 |
|
|
|
|
|
|
|
Hybrid Schemes |
|
|
|
|
|
Conservative Hybrid Fund |
4,39,456 |
0.53 |
15,401.51 |
0.61 |
|
Balanced Hybrid Fund/Aggressive Hybrid Fund |
55,26,783 |
6.68 |
1,48,599.30 |
5.88 |
|
Dynamic Asset Allocation/Balanced Advantage |
24,58,452 |
2.97 |
93,265.25 |
3.69 |
|
Multi Asset Allocation |
6,14,524 |
0.74 |
12,904.69 |
0.51 |
|
Arbitrage Fund |
2,52,394 |
0.31 |
50,839.11 |
2.01 |
|
Equity Savings |
3,64,908 |
0.44 |
19,258.74 |
0.76 |
|
Sub Total - III |
96,56,517 |
11.67 |
3,40,268.60 |
13.46 |
|
|
|
|
|
|
|
Solution Oriented Schemes |
|
|
|
|
|
Retirement Fund |
24,97,702 |
3.02 |
8,360.39 |
0.33 |
|
Children’s Fund |
27,90,432 |
3.37 |
8,130.68 |
0.32 |
|
Sub Total - IV |
52,88,134 |
6.39 |
16,491.07 |
0.65 |
|
|
|
|
|
|
|
Other Schemes |
|
|
|
|
|
Index Funds |
2,88,137 |
0.35 |
5,255.27 |
0.21 |
|
Gold ETF |
3,19,863 |
0.39 |
4,479.92 |
0.18 |
|
Other ETFs |
9,06,290 |
1.10 |
1,32,591.42 |
5.25 |
|
Fund of funds investing overseas |
1,25,594 |
0.15 |
1,913.09 |
0.08 |
|
Sub Total - V |
16,39,884 |
1.98 |
1,44,239.70 |
5.71 |
|
|
|
|
|
|
|
Total A – Open-ended Schemes |
7,97,25,429 |
96.36 |
23,27,025.39 |
92.06 |
|
|
|
|
|
|
|
Close-ended Schemes |
|
|
|
|
|
Income/Debt Oriented Schemes |
- |
|
- |
|
|
Fixed Term Plan |
9,16,839 |
|
1,49,375.47 |
5.91 |
|
Capital Protection Oriented Schemes |
1,47,978 |
0.18 |
5,771.12 |
0.23 |
|
Infrastructure Debt Fund |
89 |
0.00 |
2,661.97 |
0.11 |
|
Other Debt |
1,34,275 |
0.16 |
5,841.58 |
0.23 |
|
Sub Total |
11,99,181 |
1.45 |
1,63,650.15 |
6.47 |
|
|
|
|
|
|
|
Growth/Equity Oriented Schemes |
|
|
|
|
|
ELSS |
5,04,150 |
0.61 |
4,564.47 |
0.18 |
|
Others |
12,90,925 |
1.56 |
29,919.17 |
1.18 |
|
Sub Total |
17,95,075 |
2.17 |
34,483.63 |
1.36 |
|
|
|
|
|
|
|
Other Schemes |
- |
|
- |
|
|
|
|
|
|
|
|
Total B – Close-ended Schemes |
29,94,256 |
3.62 |
1,98,133.78 |
7.84 |
|
|
|
|
|
|
|
Interval Schemes |
|
|
|
|
|
Income/Debt Oriented Schemes |
4,636 |
0.01 |
1,992.83 |
0.08 |
|
|
|
|
|
|
|
Growth/Equity Oriented Schemes |
12,018 |
0.01 |
480.75 |
0.02 |
|
|
|
|
|
|
|
Other Schemes |
- |
|
- |
|
|
|
|
|
|
|
|
Total C – Interval Schemes |
16,654 |
0.02 |
2,473.58 |
0.10 |
|
|
|
|
|
|
|
Grand Total (A + B + C) |
8,27,36,339 |
100.00 |
25,27,632.75 |
100.00 |
