Only Axis among the top 16 AMCs manages to increase its folio count...
The top 16 AMCs accounted for 91% of industry’s 4.28 crore folios as on March 2013, shows an analysis of AMC folios data. These top 16 AMCs have 3.89 crore folios as on March 2013. As per SEBI data, the industry has a total of 4.28 crore folios as on March 2013.
Fund officials say that the drop in folios is largely due to redemptions in equity funds. However, the industry has gained good traction in debt funds.
UTI Mutual Fund had the largest number of folios in 2012 (more than one crore) but saw it shrink to 98.39 lakh in 2013. The next in the pecking order is Reliance Mutual Fund which also saw its folios drop by 11% from 70.96 lakh in 2012 to 63 lakh in 2013. HDFC had the third largest folio count at 49.87 lakh and saw a 3% drop from 51.61 lakh in 2012.
Except Axis all the 15 AMCs saw their folios fall. Axis Mutual Fund added more than 59756 folios in 2013 due to four new fund launches. IDFC Mutual Fund lost the least number of folios (9017) among the 15 AMCs. It had 5.98 lakh folios as on March 2013, down 1% from 6.07 lakh in 2012.
|
AMC |
Folios 2012-13 |
Folios 2011-12 |
Change |
|
UTI |
9839483 |
10112030 |
-3% |
|
Reliance |
6309394 |
7096389 |
-11% |
|
HDFC |
4987986 |
5161849 |
-3% |
|
SBI |
4637918 |
5205329 |
-11% |
|
ICICI Prudential |
2706465 |
2837480 |
-5% |
|
Birla Sun Life |
2155511 |
2356800 |
-9% |
|
Franklin Templeton |
1878485 |
2003523 |
-6% |
|
Sundaram |
1633614 |
1991630 |
-18% |
|
DSP BlackRock |
1386406 |
1577908 |
-12% |
|
Tata |
1137550 |
1308250 |
-13% |
|
Kotak Mahindra |
865002 |
955166 |
-9% |
|
IDFC |
598498 |
607515 |
-1% |
|
Axis |
465357 |
405601 |
15% |
|
Religare Invesco |
220304 |
247515 |
-11% |
|
J P Morgan |
87538 |
98452 |
-11% |
|
Deutsche |
71678 |
82990 |
-14% |
|
Total |
38,981,189 |
42048427 |
-7% |
|
Total Industry Folios |
42828316.00 |
46452064 |
-8% |
|
Source : AMFI |
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