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The mutual fund industry started FY 2022-23 on a positive note. Overall, the industry assets increased from Rs. 37.57 lakh crore in Mar 22 to Rs. 38.04 lakh crore in Apr 22. Also, the net monthly fund flows turned positive to Rs. 72,847 crore in Apr 22.
Here are the other key highlights of the month gone by.
‘The mutual fund industry adds 17.90 lakh folios and 6.77 lakh investors’
The MF Industry added 6.77 lakh new investors, a growth of 2% compared to March 2022. The total number of investors has now reached 3.43 crore. In terms of folio count, the numbers increased from 12.95 crore in Mar 22 to 13.13 crore in Apr 22.
‘Marginal increase in T30 and B30 AUM’
As against Mar 22, T-30 and B-30 AUMs increased slightly to Rs. 31.24 lakh crore and Rs. 6.80 lakh crore, respectively.
In line with Mar 22, the proportionate share of T-30 and B-30 cities remained unchanged at 82% and 18%.
Of the total 13.13 crore folios, 56% or 7.38 crore folios were registered in T-30 cities and the balance 44% or 5.75 crore were from B-30 cities.
‘Retail investors’ average AUM per folio declines marginally to Rs. 1.65 lakh’
The average AUM per folio pf retail investors deceased to Rs. 1.65 lakh in April 22 from Rs. 1.67 lakh in Mar 22. The retail segment in T-30 and B-30 cities reported average AUM per folio of Rs. 2.19 lakh and Rs. 0.96 lakh, respectively.
Overall, the average AUM per folio of the MF industry was Rs. 2.90 lakh in April 2022.
‘Increase in SIP accounts’
The total live SIP account increased from 5.28 crore in Mar 22 to 5.39 crore in Apr 22.
In April, the industry opened 21.82 lakh SIPs and discontinued 10.53 lakh SIP accounts. Of the total live SIP count, equity schemes were the largest contributors with an 85% share. Debt schemes and hybrid schemes form 3% and 6%, respectively.
Investors invested Rs. 11,863 crore in SIPs, of which close to 77% or Rs. 9,092 crore was through MFDs. The balance 23% or Rs. 2,771 crore came from direct plans.
‘3,991 new MFDs join the mutual fund industry’
1722 individuals, 2 overseas distributors, 76 corporates and 2,191 corporate employees joined the industry in Apr 22. This took the monthly ARN registration count to 3,991, lower than 4,453 registrations in Mar 22.
Maharashtra, Gujarat and Uttar Pradesh reported close to 51% of ARN/EUIN registration in percentage term. They individually contributed 33.07%, 9.95% and 7.97% to the overall registrations in Apr 22.
Besides, 5605 MFDs (2,914 individuals, 203 corporates and 2,488 corporate employees) renewed their ARNs in Apr 22, which was higher than 4888 renewals in Mar 22.
