Axis MF, SBI MF and ICICI Prudential MF added the highest number of folios last fiscal, shows AMFI data. While Axis MF added 11.66 lakh folios last fiscal, SBI MF added 11.21 lakh folios and ICICI Prudential MF 10.52 lakh new folios.
Aditya Birla Sun Life MF and HDFC MF follow at 4th and 5th position with 10.38 lakh and 9.85 lakh new folios, respectively.
Experts point out that these fund houses have strong presence in B30 cities through their sponsors and associates.
In percentage terms, Mirae Asset Mutual Fund recorded 50% growth in new folio creation last fiscal among the top 15 fund houses.
Overall, PPFAS MF saw 321% growth in terms of new folio addition.
However, not all the fund houses saw an increase in new folios. Two fund houses – DHFL Pramerica MF and Sahara MF – witnessed a decline in their number of folios.
A further analysis of AMFI data shows that the Rs.25 lakh crore MF industry is concentrated in favour of the large fund houses. The top 15 AMCs (based on AUM) constitute 94% of the industry’s total folio count in FY 18-19. The number was similar in FY 2017-18 as well.
The total folio count of these top 15 fund houses grew 14% from 6.62 crore in FY 2017-18 to 7.54 crore in FY2018-19, an increase of over 92.16 lakh folios in a year.
We have excluded Kotak MF and Quant MF as their folio data was not available on the AMFI website.
Addition of new folios at fund house level
|
Name of MF |
Folios in FY 2018-19 |
Folios in FY 2017-18 |
Difference |
Difference (in %) |
|
Axis |
38,89,364 |
27,23,311 |
11,66,053 |
42.82 |
|
SBI |
78,35,603 |
67,14,520 |
11,21,083 |
16.70 |
|
ICICI Prudential |
77,06,864 |
66,54,129 |
10,52,735 |
15.82 |
|
Aditya Birla Sun Life |
70,87,019 |
60,49,280 |
10,37,739 |
17.15 |
|
HDFC |
91,08,145 |
81,23,307 |
9,84,838 |
12.12 |
|
Reliance |
90,67,607 |
81,72,431 |
8,95,176 |
10.95 |
|
L&T |
30,55,074 |
24,43,739 |
6,11,335 |
25.02 |
|
Tata |
19,37,014 |
14,54,860 |
4,82,154 |
33.14 |
|
Mirae Asset |
14,01,221 |
9,38,894 |
4,62,327 |
49.24 |
|
DSP |
54,14,046 |
50,14,001 |
4,00,045 |
7.98 |
|
Invesco |
7,46,131 |
4,21,463 |
3,24,668 |
77.03 |
|
UTI |
1,10,15,789 |
1,07,12,390 |
3,03,399 |
2.83 |
|
Franklin Templeton |
38,53,183 |
36,38,177 |
2,15,006 |
5.91 |
|
IDFC |
12,71,620 |
10,62,689 |
2,08,931 |
19.66 |
|
Motilal Oswal |
9,47,416 |
7,42,130 |
2,05,286 |
27.66 |
|
Canara Robeco |
9,92,538 |
8,30,608 |
1,61,930 |
19.50 |
|
Sundaram |
17,91,838 |
16,78,275 |
1,13,563 |
6.77 |
|
Edelweiss |
2,25,920 |
1,40,551 |
85,369 |
60.74 |
|
PPFAS |
80,289 |
19,033 |
61,256 |
321.84 |
|
Principal |
5,63,812 |
5,13,140 |
50,672 |
9.87 |
|
BOI AXA |
1,07,906 |
60,508 |
47,398 |
78.33 |
|
Essel |
88,947 |
53,833 |
35,114 |
65.23 |
|
Union |
2,37,658 |
2,02,861 |
34,797 |
17.15 |
|
Mahindra |
1,59,399 |
1,26,737 |
32,662 |
25.77 |
|
Indiabulls |
64,826 |
32,352 |
32,474 |
100.38 |
|
IDBI |
3,52,542 |
3,21,939 |
30,603 |
9.51 |
|
Baroda |
3,89,108 |
3,60,734 |
28,374 |
7.87 |
|
LIC |
3,49,630 |
3,32,415 |
17,215 |
5.18 |
|
BNP Paribas |
2,83,843 |
2,69,046 |
14,797 |
5.50 |
|
HSBC |
1,52,891 |
1,40,099 |
12,792 |
9.13 |
|
Shriram |
15,853 |
4,462 |
11,391 |
255.29 |
|
IIFL |
30,479 |
19,941 |
10,538 |
52.85 |
|
Quantum |
65,918 |
60,702 |
5,216 |
8.59 |
|
YES |
312 |
- |
312 |
|
|
IL&FS Mutual Fund (IDF) |
86 |
74 |
12 |
16.22 |
|
Taurus |
1,19,803 |
1,20,732 |
929 |
-0.77 |
|
Sahara |
15,295 |
16,540 |
1,245 |
-7.53 |
|
DHFL Pramerica |
1,07,109 |
1,11,428 |
4,319 |
-3.88 |
|
Total |
8,05,32,098 |
7,02,81,331 |
1,02,50,767 |
|
