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The number of unique mutual fund investors based on PAN and PAN exempted investors increased by 12 lakh in July 2024, shows the industry data. The total number of mutual fund investors increased from 4.69 crore in June 2024 to 4.81 crore in July 2024.
Here are a few latest data points of the industry:
Growth in individual AUM: Individual AUM accounts for 62% of the total MF AUM. The data shows that individual assets of the MF industry increased to Rs. 40.52 lakh crore in July 2024.
Both T30 and B30 cities witness growth in AUM of individual investors. Individual AUM in T30 cities grew to Rs. 30.11 lakh crore while individual AUM in B30 cities went up to Rs. 10.41 lakh crore in July 2024.
MF industry’s geographical spread: T30 cities contribute 81% to the total MF assets with Rs.52.67 lakh crore. The MF industry derives 19% or Rs.12.30 lakh crore from B30 cities.
Industry dominated by distributors: Regular plans account for majority of AUM or 58% of the total MF AUM.
Know the average AUM per folio: The combined average AUM per folio of retail investors grew to Rs. 2.05 lakh in July 2024.
In terms of T30 and B30, the average AUM per folio in T30 cities went up to Rs. 2.84 lakh whereas the average AUM per folio in B30 cities increased to Rs. 1.14 lakh in July 2024.
Insights into lumpsum and net SIP inflows: While the MF industry witnessed gross SIP inflows of Rs.23,332 crore, the net SIP inflows stood at close to Rs.9000 crore. In other words, the net to gross ratio was 40% of the gross SIP inflows. Net SIP inflow is gross inflows in SIP accounts minus outflows of assets procured through SIP mode.
The number of outstanding SIP accounts are 9.34 crore, a growth of 35.29 lakh from June 2024 to July 2024.
The industry received Rs.1.81 lakh crore through lumpsum investment last month.
Growth in addition of new distributors: The industry added a little over 2200 new individual MFDs in July 2024, this is the highest number this year. Overall, the industry added 4700 new ARN/EUIN and 5633 ARN renewal in July 2024.
Currently, the MF industry has 2.75 lakh MFDs including 1.48 lakh individual MFDs.
