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The live folio count of individual MFDs jumped 21% in FY 2022 to almost 4 crore as a record number of new investors joined the mutual fund bandwagon in the last financial year, shows a report by IDFC MF.
With 69 lakh net folio addition, individual MFDs accounted for 22% of the overall net folio additions in FY 2022. Overall, the industry added a net of 3.20 crore folios in FY 2022. The total live folio count stood at 13 crore at the end of March 2022 as against 9.80 crore a year ago.
The growth was highest in the case of fintechs and RIAs. Their total live folio count more than doubled to 1.80 crore from 84 lakh a year ago. Banks registered the second highest growth at 38%.
Source: IDFC MF report based on AMFI data
Further, individual MFDs from the west made the highest net addition in live folio count. Their live folio count went up by 19 lakh from 1.20 crore to 1.40 crore. MFDs from the east made the second highest net addition at 12 lakh. Their live folio count rose to 64 lakh from 52 lakh. The live folio count of MFDs from north and south went up by 7 lakh and 11 lakh, respectively.
Region-wise growth in live folio count of MFDs (in lakhs):
|
East |
West |
North |
South |
|
|
FY 2022 |
64 |
140 |
83 |
56 |
|
FY 2021 |
52 |
121 |
72 |
49 |
|
Growth (%) |
23 |
16 |
15 |
14 |
