While the industry lost 32.79 lakh folios, these 12 AMCs added more than two lakh folios last year.
Small and mid-sized fund houses have managed to grow their investor base last year when the industry saw substantial loss of folios. These 12 mid and small sized fund houses have collectively added 2.11 lakh folios in FY13-14 while the top 10 fund houses lost more than 25 lakh folios.
The largest folio growth was recorded by Goldman Sachs (28,570 ) followed by Union KBC (15,067).
Some of these fund houses saw a growth in their folios because they are relatively new in the industry and are in their growth phase. These AMCs saw a growth in their folios because of new fund launches. For instance, Motilal Oswal launched three new funds last year. Similarly, Union KBC launched two equity funds and a couple of capital protection funds.
“We launched two equity funds last year which saw good retail participation. Our folios will increase this year also. However, we lost some folios from gold fund last year,” said Sarath Sarma, Executive Director & Sales Head, IDBI Mutual Fund.
Some fund houses grew their investor base without launching new funds. “We didn’t launch any new funds. We attracted new investors because of our steady scheme performance. We did not face the kind of redemption pressure which large fund houses faced,” said Jimmy Patel, Chief Executive Officer, Quantum Mutual Fund.
Fund houses which saw growth in their investor base believe that they will continue to add folios this year too.
On growth track
|
AMC |
Folios FY13-14 |
Folios FY12-13 |
Change |
| Axis | 577082 | 465357 | 111725 |
|
Goldman |
367227 |
338657 |
28,570 |
|
Union KBC |
84400 |
69333 |
15,067 |
|
MOSL |
41316 |
27021 |
14,295 |
|
BNP Paribas |
89326 |
78889 |
10,437 |
|
IDBI |
123791 |
113980 |
9,811 |
|
Pramerica |
32256 |
25803 |
6,453 |
|
Quantum |
40538 |
35858 |
4,680 |
|
Mirae Asset |
56803 |
53417 |
3,386 |
|
Edelweiss |
12324 |
9030 |
3,294 |
|
Peerless |
33101 |
30779 |
2,322 |
|
BOI AXA |
43126 |
41863 |
1,263 |
|
Total |
1501290 |
1289987 |
211,303 |
Top AMCs
While
the small players saw their investor base growing, the large AMCs saw their
investor base deplete. The largest drop in folios was seen by Reliance Mutual
Fund (-8.46 lakh), followed by SBI (-5.20 lakh) and HDFC (-4.79 lakh). Barring,
DSP BlackRock, the top 14 fund houses saw folio erosion to the tune of 31.22
lakh folios. DSP BlackRock has shown folios of inactive investors also due to
which its folio count shot up by 15 lakh.
Axis was the only player which saw more than one lakh growth in its investor base.
