Despite lockdown and market volatility, the average folio AUM of investors in the mutual fund industry has risen consistently since March.
The average folio assets of investors across the industry has increased by 18.5% since March to Rs 2.94 lakh in July 2020. The number stood at Rs 2.48 lakh in March, 2.65 lakh in April, Rs.2.70 lakh in May and Rs.2.78 lakh in June.
Further, the average folio assets of retail investors rose to Rs 1.54 lakh from Rs 1.33 lakh.
As of July 2020, the average folio AUM of retail investors in B30 cities was at Rs.90,000 as compared to Rs.77,000 in March. This shows an increase of nearly 17% since March. In T30 cities, the average folio AUM of retail investors rose by 16% since March to Rs.2 lakh in July as against Rs.1.73 lakh in March.
Experts attribute this to investors increasing interest of investors in debt funds. Jimmy Patel, MD & CEO, Quantum Mutual Fund says that many investors have put their additional savings during lockdown months in debt funds that have performed well recently. Another reason could be mark-to-market gains in equity funds, he added.
Average ticket size |
|
|
|
|
Month |
B-30 cities retail investors |
T-30 cities retail investors |
Overall retail investors |
Industry avg ticket size |
July |
90,000 |
2,00,000 |
1,54,000 |
2,94,000 |
June |
85,000 |
1,92,000 |
1,48,000 |
2,78,000 |
May |
81,000 |
1,82,000 |
1,40,000 |
2,70,000 |
April |
82,000 |
1,83,000 |
1,41,000 |
2,65,000 |
March |
77,000 |
1,73,000 |
1,33,000 |
2,48,000 |