While the industry has added 21,775 unique investors in November, it witnessed decline in no. of folios after six years.
Let us look at the highlights of the month gone by:
Assets
Average AUM of the industry reached record high at Rs.29.83 lakh crore in November 2020 compared to Rs.28.34 lakh crore in October 2020
Redemption
● Overall, gross redemption have come down marginally to Rs.5.39 lakh crore in November from Rs.5.45 lakh crore in October
● Equity funds have witnessed net outflows for the fifth consecutive month. Net outflows in equity funds were Rs.12,917 crore compared to Rs.2,724 crore in October
● On the contrary, debt funds recorded net inflows of Rs.44,983 crore in November compared to net inflow of Rs.1.10 lakh crore in October
Unique investors and folios
● The MF industry has added 21,775 new investors in November taking the total count of unique investors to 2.14 crore
● However, the industry has seen closure of 40,000 folios largely due to exit of investors who were in wait and watch mood since March. The total folios has fallen to 9.37 crore in November
● On the other hand, the MF industry has seen marginal increase of 4% in terms of addition of debt folios
T30 vs B30
● T30 cities account for 83% or Rs.25 lakh crore of the total industry’s AUM while B30 cities have AUM of Rs.4.98 lakh crore, which is 17% of the total industry AUM
● Folio count in both T30 and B30 cities has grown marginally
Average AUM per folio
● Average AUM per folio of retail investors has increased by nearly 8% to Rs.1.70 lakh in November
● Average AUM per folio of retail investors in both B30 and T30 cities has risen by 8% and 7% to Rs.1 lakh and Rs.2.21 lakh, respectively
ARNs
● 444 individuals joined the MF distribution business in November
● 2,198 ARNs renewed in November - 1,339 individual distributors, 111 corporates and 748 corporate employees
● Maharashtra has held top position in terms of new ARN and EUIN registration with 23% followed by Gujarat (9.37% and West Bengal (6.69%)
