Of 39 fund houses, 28 fund houses have witnessed a growth in their investor base in FY 2014-15, shows an analysis of AMFI folio data. As reported earlier, all the top ten AMCs have registered positive growth in their folios. Among the other 29 fund houses, 11 have recorded a decline in their investor base.
The 12th largest fund house by assets, Axis MF, added 4.44 lakh folios last fiscal. Its investor base increased from 5.77 lakh as on March 2014 to 10.21 lakh as on March 2015. Similarly, L&T MF which is 13th largest in terms of AUM, has added close to 32,000 folios last fiscal.
Among mid-sized players, IDBI, LIC Nomura and Canara Robeco have added over 22,000, 20,500 and 15,000 folios respectively in FY 2014-15.
Interestingly, emerging fund houses like BNP Paribas, Mirae Asset and Motilal Oswal have fared better in terms of folio addition. BNP Paribas has added close to 48,500 folios last fiscal while Mirae Asset and Motilal Oswal witnessed a growth of 42,000 and 27,500 folios respectively in FY 2014-15. Also, Edelweiss and Quantum too added over 5,000 folios in FY 2014-15.
Advisers say that the fund performance of some of the emerging fund houses has been very good which is why they have attracted investor interest.
Meanwhile, a few fund houses like Tata, Sundaram, JM Financial, HSBC, Baroda Pioneer and Principal have lost folios last fiscal.
