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The MF industry has added more than 9 lakh investors in October 2024. The total number of unique investors based on PAN and PAN exempted investors has increased to 5.10 crore in October 2024 from 5.01 crore in September 2024.
Further, with the total net inflows of Rs. 2.40 lakh crore, the AUM of the industry has reached Rs.68 lakh crore in October from Rs.67.09 lakh crore in September. In the last one year, the AUM of the MF Industry has gone up sharply by 44% from Rs.46.71 lakh crore.
Here are some key highlights of the month gone by.
Folio count
The industry added 59.87 lakh new folios last month raising the aggregate folio count to 21.65 crore. The folio count in October 2023 was 15.96 crore, indicating an increase of 36% in one year.
Avg AUM per folio
While the average AUM per folio of retail investors is Rs.1.93 lakh, the average AUM per folio of the MF industry is Rs.3.11 lakh crore in October.
AUM in T-30 and B-30 cities
The total AUM from T-30 cities is at Rs. 54.68 lakh crore (81%) while the B-30 cities contribute Rs. 12.58 lakh crore (19%).
Interestingly, Rs. 41.61 lakh crore of this AUM (62%) comes from individual plans while Rs. 25.65 lakh crore (38%) of the AUM comes from non-individual plans in both T-30 and B-30 cities.
SIP accounts
The total number of outstanding SIP accounts is 10.12 crore with 63.70 lakh new SIP account registrations in the month
SIP AUM, in October, is at Rs. 13.81 lakh crore
ARN registration
Close to 3000 individuals have joined as mutual fund distributors in October. Overall, the industry has added 5300 new ARN holders last month.
Maharashtra, with 21.83% of the registrations is the top contributor to the ARN registrations in the month.
Gujarat and Uttar Pradesh followed Maharashtra with 11.82% and 9.60% of the total new registrations.
