August turned out to be a better month for the MF industry compared to June and July. The month has witnessed an addition of 5 lakh new investors. Gross redemptions in the industry came down to Rs.5.71 lakh crore in August compared to Rs.9.54 lakh crore in June and Rs. 6.21 lakh crore in July.
AUM
- The industry’s average AUM reached Rs.27.78 lakh crore in August 2020 compared to Rs.25.46 lakh crore in August 2019
Unique investors and folios
- In August, MF industry has added 4.65 lakh new investors. However, addition in new investors fell marginally from last month as the industry had added 5.64 lakh in July
- MF industry has witnessed 17% growth in debt fund folios during April – August to reach 72 lakh in five months
- Currently, the MF industry has 9.26 crore folios and 2.12 crore unique investors
T30 vs B30 folios
- Total folio count has increased marginally in both T30 and B30 cities since March. Overall, the total folio count in T30 and B30 has increased by 2% and 5% to 5.40 crore and 3.86 crore, respectively
- B30 and T30 cities have seen healthy growth in direct plan folios. While the MF industry has added 60 lakh new folios under direct plan in B30 cities, it added 51 lakh direct plan folios in March. Similarly, the industry has added 80 lakh folios in August compared to 72 lakh in March under direct plans
- Industry has seen a marginal rise in regular plan folios in both T30 and B30 cities
T30 vs B30 AUM
- Overall, the MF industry manages Rs.22.91 lakh crore (83%) in T30 cities and Rs.4.58 lakh (17%) crore in B30 cities
- AUM in B30 cities has risen by 29% to Rs.4.58 crore in August from Rs.3.55 crore in March
- Similarly, AUM in T30 cities has grown by 22% to Rs.22.91 crore from Rs.18.71 lakh crore in March
Average ticket size
- Average AUM per folio of retail investors has increased 19% to Rs.1.58 lakh in August
- While average AUM per folio of retail investors in B30 cities has increased 20% from March to Rs.92,300 in August, it has grown by 18% to Rs.2.04 lakh in T30 cities
ARNs
- 251 individuals have joined the MF distribution business in August
- 2,373 ARNs renewed in August – 1,473 individual distributors, 211 corporates and 289 corporate employees
- Maharashtra holds the top position in terms of new ARN and EUIN registration with 26% followed by Gujarat (6.88%), Tamil Nadu (6.26%)