The MF industry has added 3.85 lakh new investors in May taking the total count of unique investors to 2.34 crore in May as against 2.30 crore in April.
This has come on the back of a market rally and rising inflows in equity funds. The industry has witnessed net inflows of over Rs.10,000 crore in equity funds last month.
Here are other key highlights of the MF industry in the month gone by:
Folio count
- The industry’s total folio count has risen to 10.04 crore in May from 9.86 crore in April, an increase of 18.67 lakh new folios
Redemption
- Gross redemptions have risen to Rs.6.31 lakh crore in May from Rs.5.72 lakh crore in April
- Overall, the MF industry has seen net inflows in equity funds
- Debt funds have recorded net outflows of Rs.44,512 crore on back of redemption from liquid funds and overnight funds
T30 vs B30
- Both T30 and B30 cities have witnessed a rise in their assets
- AUM in T30 cities has risen by nearly 2% to 27.35 lakh crore while assets in B30 cities rose by 5% to Rs.5.71 lakh crore
- T30 cities account for 83% of industry’s total 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 3% to Rs.1.81 lakh in May from Rs.1.76 lakh in April
- Average AUM per folio of retail investors in B30 and T30 cities have also risen by 4% and 3% to Rs.1.08 lakh and Rs.2.35 lakh, respectively
ARNs
- 815 new individuals have joined the MF distribution business
- 2,662 ARNs were renewed in May - 1,649 individual distributors, 141 corporates and 872 corporate employees
