Performance for the year
The Assets Under Management (AUM) of the Indian mutual fund (MF) industry witnessed an exceptional growth of 42% in FY2017. The Quarterly Average Assets Under Management (QAAUM) also registered a QoQ growth of 8% in the last quarter of FY2017. The growth can be attributed to strong retail participation and overall market gains. FY2017 turned out to be a very good year for the mutual fund industry with investors pouring in Rs. 3.4 lakh crore across categories. The net inflows in Liquid, Income and Equity (including Equity Linked Savings Schemes or ELSS) categories have been to the tune of Rs. 1.2 lakh crore, Rs. 0.96 lakh crore, and Rs. 0.70 lakh crore, respectively.
Equity funds (including ELSS) witnessed MoM jump of 4.5% and YoY growth of 40.7%.
In FY2017, total inflow in the category has been Rs. 70,367 crore with net inflows in every month. Retail participation in the Equity category is high because of the popularity of the Systematic Investment Plan (SIP) route. According to AMFI, the mutual fund industry added about 6.2 lakh SIP accounts every month on an average during 2017.
MF industry - Total Folios
The total folio count in March 2017 stood at 5.54 crore, 1.9% higher than February 2017, according to data from the Securities and Exchange Board of India (SEBI). In FY2017, the mutual fund industry added 77.4 lakh new folios or around 6.4 lakh new folios every month despite volatility in overall market conditions. March 2017 saw the highest number of folios added in a month in FY2017 at 10.1 lakh. The growth was driven by the ELSS category that added 3.2 lakh folios in the month. Out of the 10.1 lakh folios, 7.4 lakh came from the Equity (including the ELSS) category.
Average Assets Under Management (AAUM)
The Average Assets Under Management (AAUM) of Indian Mutual Fund Industry for the month of April 2018 stood at 23.21 lakh crore. Assets Under Management (AUM) as on April 30, 2018 stood at 23.26 lakh crore.
The AUM of the Indian MF Industry has grown from 5.05 trillion as on 31st March 2008 to 23.26 trillion as on 30th April 2018, more than four and half fold increase in a span of 10 years.
The MF Industry’s AUM has grown from 7.01 trillion as on 31st March, 2013 to 23.26 trillion as on 30th April 2018, more than three -fold increase in a span of 5 years .