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The MF industry moved closer to the Rs. 40 lakh crore mark and reported an average AUM of Rs. 39.88 lakh crore, recording 7% annual growth.
Here are the other key events that shaped the MF industry in September 2022.
2.74 lakh investors added
The MF industry added 2.74 lakh investors in the last month, thereby increasing the total investor count to 3.60 crore. Of these, 3.56 crore are unique PANs and close to 5 lakh are unique PEKRNs (PAN-exempt KYC reference numbers).
16.13 lakh folios registered
With 16.13 lakh new folio registrations, the aggregate folio count increased to 13.81 crore in Sep 2022. Of these, 56% or 7.75 crore folios are from T-30 cities and the balance 44% or 6.06 crore are from B-30 cities.
T-30 cities contributed 82% to the total AUM
Of the total industry assets of Rs. 38.42 lakh crore, T-30 cities contributed 82% and the balance 18% represented the share of B-30 cities.
While the percentage contribution remained more or less the same, T-30 AUM recorded a monthly decline in absolute terms. It dipped from Rs.32.29 lakh crore to Rs.31.84 lakh crore in September 2022. Likewise, B-30 AUM also declined from Rs. 7.05 lakh crore to Rs.6.94 lakh crore.
Average retail ticket size declined
The combined average ticket size of the retail segment for T30+B30 cities was Rs. 1.64 lakh in September 2022 as against Rs. 1.68 lakh in August 2022. Location-wise, the retail average ticket size was Rs. 2.18 lakh in T-30 cities and Rs. 0.95 lakh in B-30 cities.
Notably, the average ticket size of the industry as a whole i.e. retail and corporate was Rs. 2.78 lakh.
12.16 lakh net SIP accounts added
The total number of outstanding SIP accounts increased from 5.72 crore in August 2022 to 5.84 crore in September 2022. During the month, while investors registered 23.66 lakh SIP accounts, 11.50 lakh SIPs matured/were paused or discounted. This resulted in a net SIP count of 12.16 lakh.
Here is the break-up of live SIP accounts -
Total monthly SIP contribution in September 2022 was Rs. 12,976 crore of which regular plans/distributors contributed 77% or Rs. 9,960 crore. The balance of 23% or Rs. 3,016 crore was routed through direct plans.
4,962 new ARN/EUIN registered
The MF industry reported 4,962 new ARN/EUIN registrations. Here is the break-up:
State-wise registrations show Maharashtra, Gujarat and Uttar Pradesh collectively account for close to 51% of the total ARN/EUIN registrations. They individually contribute 32.93%, 9.55% and 8.36% respectively.
In terms of renewals, 4,416 ARNs were renewed in September 2022. This is the break-up:
