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The month of May ended on a remarkable note for the MF industry. While the industry AUM rose to Rs.59 lakh crore in May 2024 from Rs.57 lakh crore in April 2024, the folio count rose to 18.60 crore.
Moreover, the MF industry added 7.26 lakh new investors and the unique number of investors based on PAN and PEKRN reached 4.60 crore in May.
Let us look at some of the key highlights of the May month.
Folio count
- The mutual fund industry saw a substantial increase of over 45 lakh new folios taking the total folio count to 18.60 crore from 18.15 crore in April 2024
T30 and B30 assets
- Of the total AUM of Rs. 59 lakh crore, 81% of the total MF assets or Rs.48 lakh crore came from T-30 locations
- The remaining 19% of the total MF assets or Rs.11 lakh crore was from B30 locations
Average AUM per folio
- Retail investors have an average AUM per folio of Rs.1.95 lakh
- Overall, the MF industry has an average AUM per folio of about Rs.3.17 lakh (retail + corporate)
SIP accounts growth
- The MF industry added 50 lakh new SIP accounts while 44 lakh SIP accounts matured or discontinued
- The MF industry saw a net addition of 6 lakh new SIP accounts
Total SIP accounts and equity scheme distribution
- The total number of SIP accounts increased to 8.76 crore
- Out of these, equity schemes have the highest SIP accounts, constituting 82% of the total SIP accounts, totaling 7.18 crore
Distributor addition
- 5,653 new distributors joined the MF industry of which 3,353 were corporate employees and 2,177 were individuals
ARN/EUIN registration and renewal
- Maharashtra is the leading contributor to new ARN registrations, accounting for 23% of the total
- Following Maharashtra, Gujarat, Uttar Pradesh, Karnataka and Delhi contributed 10.93%, 7.16%, 6.49% and 6.01%, respectively to new ARN registrations
- Nearly 5,600 distributors renewed their ARN, out of which 2,100 were corporate employees and 3,300 were individual MFDs
