The mutual fund industry started 2021 on a positive note with industry assets reaching almost Rs.32 lakh crore, falling gross redemptions and addition of 1.53 lakh new investors.
However, the industry continues to witness net outflows in equity and debt funds during the month.
Here is what happened in the mutual fund industry in January 2021.
Unique investors and folios
- The MF industry has added 1.53 lakh new investors in January taking the total count of unique investors to 2.17 crore in January as against 2.15 crore in December
- The industry’s total folio count has risen to 9.52 in January from 9.43 crore in December, an increase of 8.52 lakh new folios
Redemption
- Overall, gross redemptions have come down marginally to Rs.6.83 crore in January from Rs.7.54 crore in December
- However, both debt and equity funds have witnessed net outflows in January. Net outflows in equity funds and debt funds were Rs.9,253 crore and 33,408 crore, respectively
T30 vs B30
- Both T30 and B30 cities have witnessed a marginal fall in their assets
- AUM in T30 cities has fallen by nearly 2% to 25.33 lakh crore while in assets in B30 cities were flat at 5.17 lakh crore
- T30 cities have accounted for 83% of industry’s total AUM
- Folio count in both T30 and B30 cities have grown marginally
Average AUM per folio
- Average AUM per retail folio has fallen by 2% to Rs.1.73 lakh in January from Rs.1.76 lakh in December
- Average AUM per folio of retail investors in B30 and T30 cities have also fallen 2% each to Rs.1.02 lakh and Rs.2.24 lakh, respectively
ARNs
- 578 individuals have joined the MF industry distribution business in January, highest in last 9 months
- 3,352 ARNs were renewed in January - 1,957 individual distributors, 155 corporates and 1,240 corporate employees
- Maharashtra has remained at the top position in terms of highest ARN and EUIN holders with 36.50% followed by Gujarat (7.22%), Uttar Pradesh (5.87%)
