The Indian Mutual Fund industry: Total investors 4.13 crore

The Indian Mutual Fund industry: Total investors 4.13 crore

The Indian Mutual Fund industry added about 4.50 lakh new investors taking the total investors count to 4.13 crore in November 2023.

Also, the AUM (Assets Under Management) of the Mutual Fund industry reached close to Rs.49 lakh crore. Let's take a look at the key highlights of 2023  November month:

Folio count

The industry added 21.68 lakh new folios, bringing the total folio count to 16.18 crore.  The industry had 15.96 crore folios in October 2023

Of the total AUM of Rs. 49 lakh crore, 82% of the total MF assets or Rs.40 lakh crore came from T-30 locations. B30 cities account for 18% of the total MF assets or Rs.9 lakh crore

Average AUM per folio

The average AUM per folio of retail investors is Rs.1.85 lakh. Overall, the MF industry has an average AUM per folio of Rs.3.03 lakh

Further, the average AUM per folio of retail investors in B30 is Rs.1.04 lakh and Rs.2.51 lakh in T30 cities

SIP accounts

The Mutual Fund industry added close to 31 lakh new Systematic Investment Plan (SIP) accounts in November 2023. However, the industry saw a discontinuation of 16.69 lakh SIP accounts

Total number of SIP folios stands at 7.44 crore. Of the total SIP accounts, 83% were in equity schemes

ARN/EUIN registration and renewal

About 3,400 distributors joined the MF industry of which 1,803 were individual MFDs.

In terms of ARN renewal, close to 3,000 distributors have renewed their ARN. Among them, 989 were corporate employees and 1910 were individual MFDs 

 For more details and Investing

Mr. K. Kirubakaran,

 

AMFI Registered Mutual Fund Distributor

Vadapalani,

Chennai

Mob : 73050 68154

Eamail : moneykriya@gmail.com

Web Site: www.moneykriya.com

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