Axis MF, ICICI Prudential MF and Mirae Asset MF added the highest number of folios last financial year, shows AMFI data. While Axis MF added 21.21 lakh folios in FY 2019-20, ICICI Prudential MF added 16.77 lakh folios and Mirae MF 11.73 lakh new folios.
SBI MF and DSP MF follow at 4th and 5th position with 7.35 lakh and 3.35 lakh new folios, respectively.
In percentage terms, Mirae Asset MF and Axis MF registered highest growth in new folio creation with 84% and 55%, respectively among the top 15 fund houses.
Experts point out that these fund houses have delivered good performance over the last few years.
A.K. Narayan of AK Narayan Associates from Chennai said, “The exemplary performance of schemes of these fund houses, especially Axis and Mirae is the reason for their highest addition in new folios.”
Overall, Yes MF and PPFAS MF saw 180% and 130% growth in terms of new folio addition, respectively.
However, not all fund houses saw an increase in new folios. AMFI data shows that 11 fund houses - Nippon India MF, L&T MF, UTI MF, Franklin Templeton MF, IDBI MF, Principal MF, Essel MF, Sahara MF, HSBC MF, BOI AXA MF, and BNP Paribas MF witnessed a decline in their number of folios.
Overall, UTI MF remains the largest fund houses in terms of number of folios. The fund house has over 1 crore folios as on March 2020 followed by HDFC MF (94.22 lakh) and ICICI Prudential MF (93.84 lakh).
We have excluded ITI MF, Kotak MFand JM Financial MF as their data was not available on the AMFI website.
Addition of new folios at fund house level
|
Name of the fund house |
No of folios as on FY2019-20 |
No of folios as on FY18-19 |
Change |
%Change |
|
Axis Mutual Fund |
6010731 |
3889364 |
2121367 |
55% |
|
ICICI Prudential Mutual Fund |
9384601 |
7706864 |
1677737 |
22% |
|
Mirae Asset Mutual Fund |
2574605 |
1401221 |
1173384 |
84% |
|
SBI Mutual Fund |
8570990 |
7835603 |
735387 |
9% |
|
DSP Mutual Fund |
5749492 |
5414046 |
335446 |
6% |
|
HDFC Mutual Fund |
9426600 |
9108145 |
318455 |
3% |
|
Invesco Mutual Fund |
953406 |
746131 |
207275 |
28% |
|
Canara Robeco Mutual Fund |
1197675 |
992538 |
205137 |
21% |
|
Tata Mutual Fund |
2091375 |
1937014 |
154361 |
8% |
|
Edelweiss Mutual Fund |
339501 |
225920 |
113581 |
50% |
|
PPFAS Mutual Fund |
184789 |
80289 |
104500 |
130% |
|
Aditya Birla Sun Life Mutual Fund |
7186083 |
7087019 |
99064 |
1% |
|
IDFC Mutual Fund |
1341238 |
1271620 |
69618 |
5% |
|
LIC Mutual Fund |
391062 |
349630 |
41432 |
12% |
|
Mahindra Manulife Mutual Fund |
190330 |
159399 |
30931 |
19% |
|
Indiabulls Mutual Fund |
83320 |
64826 |
18494 |
29% |
|
Union Mutual Fund |
253083 |
237658 |
15425 |
6% |
|
Baroda Mutual Fund |
396795 |
389108 |
7687 |
2% |
|
IIFL Mutual Fund |
38045 |
30479 |
7566 |
25% |
|
Shriram Mutual Fund |
20512 |
15853 |
4659 |
29% |
|
Quantum Mutual Fund |
69100 |
65918 |
3182 |
5% |
|
PGIM India Mutual Fund |
110178 |
107106 |
3072 |
3% |
|
YES Mutual Fund |
869 |
312 |
557 |
179% |
|
Motilal Oswal Mutual Fund |
947416 |
947416 |
0 |
0% |
|
BNP Paribas Mutual Fund |
283222 |
283843 |
-621 |
0% |
|
BOI AXA Mutual Fund |
106566 |
107906 |
-1340 |
-1% |
|
HSBC Mutual Fund |
148770 |
152891 |
-4121 |
-3% |
|
Sahara Mutual Fund |
7242 |
15295 |
-8053 |
-53% |
|
Essel Mutual Fund |
77234 |
88947 |
-11713 |
-13% |
|
Principal Mutual Fund |
547206 |
563812 |
-16606 |
-3% |
|
IDBI Mutual Fund |
301764 |
352542 |
-50778 |
-14% |
|
Franklin Templeton Mutual Fund |
3754244 |
3853183 |
-98939 |
-3% |
|
UTI Mutual Fund |
10915080 |
11015789 |
-100709 |
-1% |
|
L&T Mutual Fund |
2902352 |
3055074 |
-152722 |
-5% |
|
Nippon India Mutual Fund |
8899683 |
9067607 |
-167924 |
-2% |
|
JM Financial Mutual Fund |
146143 |
NA |
- |
- |
|
Total |
85601302 |
78620368 |
6834791 |
9% |
