Of the total 9.79 crore folios in the MF industry, retail investors held 8.97 crore folios or 90% of the total folios in the MF industry, shows an analysis of AMFI industry data.
Currently, the MF industry has in total 2.30 crore unique investors.
The share of retail investor accounts was the highest, followed by HNI and institutional investor accounts.
|
Investor Type |
MF Accounts (Number) |
MF Accounts(% Share) |
|
Retail Investors |
8,82,12,456 |
90.1% |
|
HNIs |
88,61,214 |
9.1% |
|
Institutions |
7,91,859 |
0.8% |
|
Total |
9,78,65,529 |
100.00% |
Here is the scheme-wise and ticket size analysis.
Scheme-wise share in total accounts
Equity-oriented schemes topped in terms of the number of folios with a share of around 68%. They were followed by hybrid schemes and ETFs which contributed around 10% and 6% respectively in the total number of mutual fund accounts. Debt-oriented scheme including gilt took the next spot with around 6% share in the total number.
|
Scheme Type |
MF Accounts (% Share) |
|
Equity-Oriented |
68.3% |
|
Hybrid |
9.6% |
|
ETFs, FoFs |
6.4% |
|
Debt-Oriented |
5.9% |
|
Solution-Oriented |
5.6% |
|
Liquid/Money Market |
3.1% |
|
Index Funds |
1.0% |
Investor-wise share in total folios across scheme categories
Retail investors held the highest number of accounts across all schemes. While they hold 93% of the total equity folios, their share in debt scheme folios was 64%.
|
Scheme Type |
Retail Investors (% Share) |
HNIs (% Share) |
Institutions (Domestic & foreign institutions and banks) (% Share) |
|
Equity-Oriented |
93.2% |
6.1% |
0.7% |
|
Hybrid |
79.3% |
19.9% |
0.8% |
|
ETFs, FoFs |
96.1% |
3.0% |
0.9% |
|
Debt Oriented |
64.4% |
33.3% |
2.3% |
|
Solution Oriented |
98.5% |
1.5% |
0.0% |
|
Liquid/Money Market |
76.7% |
20.9% |
2.4% |
|
Index Funds |
92.4% |
6.9% |
0.6% |
Average AUM per folio – scheme wise
Dividing assets managed by the number of accounts for a scheme category gives the average AUM per folio of that scheme.
The average AUM per folio of the MF industry was Rs. 3.21 lakh. It was the highest for liquid/money market schemes at around Rs. 18.19 lakh. Debt-oriented schemes including gilt had the second-largest average ticket size of Rs. 15.49 lakh. Notably, both these schemes derived significant shares of their assets from institutional investors.
ETFs, FOFs and hybrid schemes have the next largest average ticket of Rs. 4.84 lakh and Rs. 3.64 lakh, respectively. These were followed by index funds where the average AUM per folio stood at Rs. 1.89 lakh. The average AUM per folio of equity-oriented schemes was Rs. 1.50 lakh.
|
Scheme Type |
Average Ticket Size (Rs.) |
|
Equity-Oriented |
1,49,887 |
|
Hybrid |
3,64,330 |
|
ETFs, FoFs |
4,83,825 |
|
Debt Oriented |
15,48,827 |
|
Solution Oriented |
44,241 |
|
Liquid/Money Market |
18,19,490 |
|
Index Funds |
1,88,811 |
Investor-wise average AUM per folio
Average AUM per folio of retail investors and HNIs in the MF industry was Rs.71,000 and 9.17 lakh, respectively.
|
Investor Type |
Average Ticket Size (Rs.) |
|
Retail Investors |
71,358 |
|
HNIs |
9,17,945 |
|
Institutions |
8,73,00,652 |
|
Corporates |
1,67,66,820 |
AMFI report also suggests that equity assets have a longer average holding duration than their non-equity counterparts. 43.6% of the industry’s equity assets were held for more than 24 months of which 55.3% was held by retail investors.
