HNI folios went up
from 6.06 lakh in September 2009 to 14.56 lakh in December 2014.
The
latest data published by AMFI shows that HNI folios have increased by as much
as 141% since September 2009 till December 2014. HNI folios went up from 6.06
lakh in September 2009 to 14.56 lakh in December 2014.
The
data shows that individual investors dominate the mutual fund industry, in
terms of the number of investor accounts or folios held by them. Of the 4.02
crore total MF folios, 99% folios are held by individual investors. Out of
this, retail investors held the maximum 3.86 crore folios, HNIs held 13.22 lakh
folios, followed by institutions which held 3.33 lakh folios.
If we
look at the asset class wise folio holdings, an overwhelming majority of folios
- 80% of the investor accounts are in equity oriented schemes, 17% in debt
schemes, 2% in ETFs and 1% in liquid funds.
The
number of investor accounts have been falling since March 2009, at an annual
rate of about 2%. This was largely due to investor exodus from equity funds.
However, with the rising market, the decline in folios have been arrested since
March 2014. The BSE Sensex has shot up 23% from March till December 2014. As a
result, the industry has received net inflows of Rs. 51,000 crore in equity
funds. The industry manages Rs. 3.07 lakh crore in equity funds.
However, if we look at the investor wise trend of folios, retail folios have shown a negative rate of growth since September 2009. HNI accounts on the other hand have remained in the positive territory and sharply moved up since March 2014.
Ticket size
Institutional
investors, including FIIs, had the largest ticket size, at Rs.10.7 crore per
account or folio. Retail investors had an average ticket size of Rs. 56,150 per
account, while HNIs held Rs. 21.6 lakh per account. (HNIs as defined as
individuals investing Rs. 5 lakh and above)
Ageing of mutual fund assets
AMFI data shows that equity assets have a longer average holding period as compared to non-equity assets. 50% of equity assets have been held for periods greater than 24 months.
Non-equity assets have been primarily held for less than a month or less than a year. This is because majority of debt fund investors are corporates who park their money in liquid and income funds for short term.
