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Further, the MF industry has welcomed 9 lakh new investors during February, indicating continued interest in mutual fund investments.
Let us look at some of the key highlights of the months gone by.
Folio count
- The mutual fund industry saw a substantial increase of over 46 lakh new folios taking the total folio count to 17.42 crore
- Comparatively, the total folio count stood at 16.96 crore in January 2024
T30 and B30 assets
- Of the total AUM of Rs. 54.54 lakh crore, 82% of the total MF assets or Rs.44.51 lakh crore was from T-30 locations
- The remaining 18% of the total MF assets or Rs.10.03 lakh crore came from B30 locations
Average AUM per folio
- Retail investors have average AUM per folio of Rs.1.92 lakh
- Overall, the MF industry has an average AUM per folio of about Rs.3.13 lakh (retail + corporate)
SIP accounts growth
- The MF industry added 50 lakh new SIP accounts while over 21 lakh SIP accounts matured
- The industry saw a net addition of over 29 lakh new SIP accounts
- Total SIP accounts increased to 8.20 crore. Out of these accounts, 6.77 crore or 83% of the accounts are equity-oriented.
Total SIP accounts and equity scheme distribution
- The total number of SIP accounts surged to 8.20 crore
- Among these, equity schemes comprised the majority, constituting 83% of the total SIP accounts, totalling 6.77 crore
Distributor addition
- 4300 new distributors joined the MF industry of which 2,200 were individuals
ARN/EUIN registration and renewal
- Maharashtra emerged as the leading contributor to new ARN registrations, accounting for 26% of the total
- Following Maharashtra, Gujarat, Uttar Pradesh, Karnataka and Delhi contributed 9.38%, 7.06%, 6.08% and 5.80%, respectively to new ARN registrations
- Nearly 3,900 distributors renewed their ARN, out of which 1,110 were corporate employees and 2,633 were individual MFDs
