Listen to this article
March ended on a good note for the MF industry. While the industry welcomed 7 lakh new investors taking the total investor count to close to 4.50 crore, the industry witnessed record number in SIP gross inflows.
However, the industry saw a marginal decline in the AUM to Rs. 53.40 lakh crore in March 2024.
Let us look at some of the key highlights of the month gone by.
Folio count
The mutual fund industry saw an increase of over 36.61 lakh new folios taking the total folio count to 17.79 crore. Comparatively, the total folio count stood at 17.42 crore in February 2024.
T30 and B30 assets
Of the total AUM of Rs. 53.4 lakh crore, 81% of the total MF assets or Rs.43.36 lakh crore came from T-30 locations. The remaining 19% of the total MF assets or Rs.10.04 lakh crore came from B30 locations.
Average AUM per folio
Retail investors witnessed average AUM per folio of Rs.1.90 lakh. Overall, the MF industry has an average AUM per folio of about Rs.3 lakh (retail + corporate).
SIP accounts growth
The MF industry added 43 lakh new SIP accounts while over 23 lakh SIP accounts matured. As a result, the industry saw a net addition of over 20 lakh new SIP accounts
Total SIP accounts increased to 8.40 crore
Out of these accounts, 6.91 crore or 82% of the accounts are in pure equity funds
Distributor addition
5,400 new distributors joined the MF industry of which 2,800 were individuals
Maharashtra continued to maintain its position as the leading contributor to new ARN registrations, accounting for 24% of the total new ARN registrations during March 2024
Following Maharashtra, Gujarat, Uttar Pradesh, Delhi and Karnataka contributed and 10.92%,6.7%, 6.1%, and 5.54% respectively to new ARN registrations
Nearly 5,000 distributors renewed their ARN, out of 3,500 were individual MFDs and 1500 were corporate employees.
