The mutual fund industry’s total AAUM was Rs.25.28 lakh crore in April 2019, up 2.83% month-on-month.
The country’s smaller cities or B30 (beyond top 30 cities) accounted for 15.41% of the total industry AAUM in April 2019 as against 15.44% at the end of March 2019 and 14.53% in April 2018. Non-associate distributors, direct plans and associate distributors contributed 51.14%, 40.71% and 8.15% to the total AAUM, respectively.
With an increase in AAUM contribution from Maharashtra on MoM basis in April 2019, the state continues to be the biggest contributor (41.55%). New Delhi remains the second largest contributor (8.85%), despite its share going down on a monthly basis. Though contribution from Karnataka (7.16%) and Gujarat (6.85%) fell, they both maintained their third and fourth positions, respectively. West Bengal took over the fifth position with a contribution of 5.25%.
AAUM from Maharashtra and New Delhi came in at Rs.10.50 lakh crore and Rs.2.24 lakh crore, respectively. Maharashtra, New Delhi, Karnataka and Gujarat contributed 26.27%, 36.62%, 39.96% and 42.46%, respectively to equity schemes in April 2019. As per AMFI data for April 2019, out of 37 states and Union territories, 15 had more than 50% assets in equity schemes.
Share of equity schemes at 42.44% of AAUM in April 2019
Out of the total AAUM, proportionate share of equity-oriented schemes came in at 42.44% of the industry assets in the first month of FY2020 as against 42.50% in March FY2019. Meanwhile, for liquid and debt oriented schemes put together, it came in at 52.06% in April as against 52.32% in the previous month. Exchange Traded Funds (ETFs) and Fund of Funds’ (FoFs) share stood at 5.50% in the month under review.
Contribution from institutional investors at 45.33%
Individual investors (including high net worth individuals) held 54.67% of the industry AAUM in April 2019 as against 45.33% in March 2019, according to AMFI. Institutional investors held the balance 45.33%, out of which 91.15% was held by corporates and the rest by banks and FIIs.
