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The number of unique mutual fund investors, identified by their PAN reached close to 5 crore across the industry.
Such a number grew by 10 lakh in August 2024. This took the total investor count to 4.91 crore up from 4.81 crore in July 2024.
Here are other key highlights of the month gone by.
Individual assets
- Individual investors now account for 62% of the total MF AUM. HNIs and retail investors collectively have AUM of Rs.41.50 lakh crore
- Distributors account for 84% of the total individual AUM
Folio count growth
- The mutual fund industry saw a significant increase of 61 lakh new folios in August
- As a result, the total folio count rose to 20.45 crore in August 2024 compared to 19.84 crore in July 2024
T30 and B30 assets
- Of the total AUM of Rs.67 lakh crore, Rs.54 lakh crore (81%) has come from T30 locations
- Rs.13 lakh crore or 19% of the total MF AUM is B30 assets
Average AUM per folio
- The average AUM per folio of retail investors is Rs.2.04 lakh
- For the overall industry, combining retail and corporate investors, the average AUM per folio is Rs.3.26 lakh
SIP accounts
- The MF industry added 64 lakh new SIP accounts
- However, 37 lakh SIP accounts either matured or were discontinued last month
- As a result, there was a net addition of 27 lakh new SIP accounts in August
- The total number of SIP accounts reached 9.61 crore, with equity schemes holding the majority (82%), totaling 7.86 crore SIP accounts
Distributor and ARN/EUIN
- 6,205 new distributors joined the MF industry
- Of this, 3,290 were individual MFDs, 2,617 were corporate employees and 195 were non individuals
- Around 6,100 distributors renewed their ARN, with 3,870 of them were individual MFDs
