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The first quarter of the current financial year ended on a healthy note for the MF industry as the industry’s average AUM finally crossed the Rs.60 lakh crore mark to reach Rs.61 lakh crore despite outflows from liquid funds.
While the MF industry added close to 51 lakh new folios in June, it added over 8.75 lakh new unique investors to the MF fold.
Overall, the total number of MF investors reached 4.69 crore in June 2024.
Let us look at some of the key highlights of the month gone by.
Individual assets
- Individual assets now account for 63% of the total MF AUM. HNIs and retail investors have AUM of Rs.38.50 lakh crore
- Regular plans account for majority of individual assets. Over 84% of the total individual assets is invested through distributors
Folio count growth
- The MF industry witnessed a significant rise of 50.80 lakh in new folios. The total folio count was 19.10 crore in June 2024
T30 and B30 assets
- T30 cities contributed Rs. 45.70 lakh crore, representing 81% of the total MF assets
- B30 cities have AUM of Rs. 11 lakh crore, making up the remaining 19% of the assets
Average AUM per folio
- Average AUM per folio of retail investor was Rs.2.02 lakh
- The industry's average AUM per folio, combining retail and corporate was Rs.3.20 lakh
SIP accounts
- The MF industry added 55 lakh new SIP accounts
- 32 lakh SIP accounts matured and discontinued last month
- The industry added 23 lakh new SIP accounts in June
- The total number of SIP accounts rose to 8.99 crore, with equity schemes holding the majority at 82%, totaling 7.36 crore SIP accounts
Distributor and ARN/EUIN
- 4,185 new distributors joined the MF industry including 1623 individual MFDs
- Around 4,100 distributors renewed their ARN, out of which 2,700 were individuals
