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Association of Mutual Funds in India

MUTUAL FUND INDUSTRY DATA AS OF OCTOBER 31, 2018


HIGHLIGHTS

Assets Under Management (AUM) as on 31-Oct-2018 ₹ 22.24 lakh crore


Avg. Assets Under Management (AAUM) for the month of October 2018 ₹ 23.15 lakh crore
Gross Funds mobilized during the month of October 2018 ₹ 23.33 lakh crore
Redemptions during the month of October 2018 ₹ 22.97 lakh crore
Net inflow during the month of October 2018 ₹ 35,529 crore

AUM as on 31-Oct-2018 Amount in ₹ Trillion *


Individual Non-Individual Total
Direct Plan Regular Plan Direct Plan Regular Plan Direct Plan Regular Plan
T-30 cities 1.97 7.83 6.29 2.60 8.26 10.44
B-30 cities 0.39 2.33 0.41 0.41 0.80 2.73
Total 2.36 10.16 6.70 3.01 9.06 13.17
* 1 Trillion = 1 Lakh crore

No. of Folios as on 31-Oct-2018


Individual Non-Individual Total
Direct Plan Regular Plan Direct Plan Regular Plan Direct Plan Regular Plan
T-30 cities 44.76 Lakhs 4.37 crore 0.82 Lakhs 1.09 Lakhs 45.58 Lakhs 4.38 crore
B-30 cities 25.68 Lakhs 2.79 crore 0.39 Lakhs 2.05 Lakhs 26.07 Lakhs 2.81 crore
Total 70.44 Lakhs 7.16 crore 1.21 Lakhs 3.14 Lakhs 71.65 Lakhs 7.19 crore

SIP contribution during the month of October 2018


Direct Plan Regular Plan Total
T-30 cities B-30 cities T-30 cities B-30 cities Direct Plan Regular Plan
No. of SIP
15,06,370 11,46,651 1,20,93,264 1,01,47,583 26,53,021 2,22,40,847
accounts
SIP Contribution ₹ 651 cr. ₹ 287 cr. ₹ 4,561 cr. ₹ 2,486 cr. ₹ 938 cr. ₹ 7,047 cr.
SIP AUM ₹ 14,804 cr. ₹ 5,833 cr. ₹ 1,34,963 cr. ₹ 62,218 cr. ₹ 20,637 cr. ₹ 1,97,181 cr.

AUM/ Netflow

✓ Average Assets Under Management (AAUM) for the month of October 2018 stood at ₹ 23,15,444 crore as
against ₹ 24,31,342 crore for the month of September 2018 (MoM decrease by 5%) and ₹ 21,78,609 crore
for the month of October 2017 (YOY increase by 6%).

✓ Assets Under Management (AUM) as at the end of October 2018 stood at ₹ 22,23,560 crore as against
₹22,04,423 crore as at the end of September 2018 (MoM increase by 1%) and ₹ 21,41,346 crore as at the
end of October 2017 (YoY increase by 4%)

✓ The AUM in the Retail Schemes (i.e. Equity + ELSS + Balanced schemes) has decreased by 1% MoM from
₹ 9,79,281 crore as on September 30, 2018 to ₹ 9,73,676 crore as on October 31, 2018 and increased by
14% YoY from ₹ 855,449 crore as on October 31, 2017.

✓ AUM of Retail Schemes constitutes about 44% of the overall Industry AUM, and including debt funds, the
overall retail participation was about 57% of the overall Industry AUM.
✓ There was a net inflow of ₹ 35,529 crore during the month of October 2018, taking into account all categories
of schemes, as against net outflow of ₹ 2,30,158 crore during September 2018 and net inflow of ₹51,148
crore during October 2017. The Retail Schemes witnessed a net inflow of ₹15,302 crore during the month of
October 2018, as against net inflow of ₹ 11,982 crore during the month of September 2018 and net inflow of
₹21,899 crore during October 2017.

New Fund Offers (NFOs)


✓ During the month of October 2018, there were 42 NFOs, under which an amount of ₹ 6,158 crore was
mobilized as follows :
→ ₹ 245 crore from 1 open ended income scheme;
→ ₹ 2,609 crore from 4 open ended equity schemes;
→ ₹ 3,052 crore from 34 close ended income schemes;
→ ₹ 45 crore from 1 close ended ELSS Fund; and
→ ₹ 207 crore from 2 Interval income scehems.

NO. OF SCHEMES
As on October 31, 2018, there were total 1,910 Mutual Fund schemes, consisting of –
→ 841 Open Ended Schemes
240 Income (Debt) Schemes, 330 Equity Schemes, 21 Arbitrage Funds, 42 ELSS, 26 Balanced Schemes, 53
Liquid Schemes, 28 Gilt Schemes, 12 Gold ETFs, 60 Other ETFs and 29 Fund of Funds investing overseas;
→ 1,043 Close Ended Schemes
888 Income (Debt) Schemes, 10 Infrastructure Debt Funds, 116 Equity Schemes, 1 Arbitrage Fund and 28
ELSS; and
→ 26 Interval Schemes
25 Income (Debt) Schemes and one Equity Scheme

FOLIOS
✓ During the month, 11.45 lakh new folios were added, raising the aggregate folio count to 7.90 crore, as
against 7.79 crore as on September 30, 2018 and 6.32 crore a year ago, indicating an increase of 25% YOY.
This is 53rd consecutive month witnessing rise in the no. of folios.
✓ The no. of folios under Equity, ELSS and Balanced schemes increased to 6.65 crore as on October 31, 2018
from 6.54 crore as on September 30, 2018, as against 5.15 crore folios a year ago, indicating an increase of
29% YOY.

SIP

✓ 9.35 lakh new SIP accounts were added during the month of October 2018, while 4.66 lakh SIP accounts
were closed or matured.
✓ The total no. of SIP Accounts as on October 31, 2018 stood at about 2.49 crore, while SIP AUM was
₹2,17,818 crore (about 9.8% of the overall MF Industry AUM)
✓ The total amount collected through SIP during the month of October 2018 was ₹7,985 crore (₹938 crore
under “Direct” plan and ₹7,047 crore under “Regular” Plan), as against ₹ 7,727 crore in September 2018
(₹893 crore under “Direct” plan and ₹6,834 crore under “Regular” Plan).

B-30 cities
✓ Folios in B-30 towns in retail segment were 3.04 crore as on 31-Oct-18 as against 2.98 crore as on 30-Sep-
18. AUM from B-30 towns in retail segment was ₹271,700 crore as on 31-Oct-18 as against ₹269,248 crore
as on 30-Sep-18.
✓ While folios in B-30 towns in retail segment were 3.04 crore out of total folios of 7.90 crore i.e. 38%, AUM
from B-30 towns in retail segment was ₹ 271,700 crore out of total AUM of ₹ 22,23,560 crore i.e. about
12.22% and about 21.7% of the Industry AUM for retail segment, which was ₹ 12,52,100 crore.

AVG. TICKET SIZE

✓ The Average ticket size of retail segment in B-30 towns was about ₹ 89,200/-, while in T-30 cities, it was
about ₹2 lacs.
✓ While the combined average ticket size of retail segment for T30+B30 cities was about ₹1.59 lacs, the
average ticket size of the Industry as a whole (retail as well as corporate) is about ₹ 2.81 lacs.

ARBITRAGE FUNDS

✓ Arbitrage Funds are currently reported under Equity Schemes as per SEBI’s MCR format. Under Arbitrage
Funds, the amount mobilised during the month of October 2018 was ₹ 6,138 crore as against ₹ 4,374 crore
during September 2018. Sales under Arbitrage Funds were about 22% of total sales under equity schemes.
✓ There was a net inflow of ₹ 2,161 crore under Arbitrage funds during the month of October 2018, as
compared to net inflow of ₹ 79 crore during September 2018 and net inflow of ₹ 13,583 crore under equity
schemes during the month of October 2018.
✓ AUM under Arbitrage Funds stood at ₹57,044 crore, which constitutes about 8% of AUM of Equity Schemes.
✓ Currently there are about 2.64 lacs folios under Arbitrage Funds, as against 4.90 crore folios under Equity
schemes.

DISTRIBUTION REACH

✓ During the month, 1,396 new ARNs and 2,750 new EUINs were allotted, while 1,625 ARNs and 1,092 EUINs
were renewed.
✓ About 38% of overall registrations were from B-30 towns.
✓ Of the fresh ARN/ EUIN registrations during the month of October 2018, about 21% of the registrations were
from Maharashtra.
✓ The total no. mutual fund distributors registered with AMFI (i.e. ARN holders) and having valid registration as
on October 31, 2018 was 95,506 (which includes 6,588 non-individual ARN holders), while the employees of
mutual fund distributors registered with AMFI and holding Employee Unique Identification Number (EUIN)
was 99,202.
✓ The total no. of “Feet on Street” (excluding non-individual distributors) in respect of no. of mutual
fund distributors stood at 188,120 comprising of 88,918 individual mutual fund distributors and 99,202
employees.

For detailed data tables please refer to Annexure - A.


Annexure – A
I. Mutual Fund Industry data for the month of October 2018
A. Net flow during October 2018 All Schemes All figures in ₹ crore
Category of the Scheme Gross Redemptions Netflow AUM ₹ crore Folio count as
Sales as on 31-Oct-18 on 31-Oct-18

1. Open ended Equity funds 20,956 8,802 12,154 6,25,393 4,70,76,925


2. Close ended Equity funds - 994 -994 29,016 13,36,925
3. ELSS 1,533 333 1,200 82,702 1,11,37,153
4. Index funds /ETFs 4,199 1,137 3,062 93,501 10,41,622
Sub-total (1+2+3+4) 26,688 11,266 15,422 8,30,612 6,05,92,625
5. Liquid funds/ MMMF 22,71,942 22,16,646 55,296 4,54,432 14,68,406
6. Gilt Funds 217 508 -291 7,820 63,731
7. Open Ended Debt Funds 21,052 57,227 -36,175 5,30,729 85,40,984
8. Interval Funds 274 12 262 4,318 16,990
9. Close Ended Debt Funds 3,052 4,781 -1,729 1,54,442 12,32,858
Sub-total (5+6+7+8+9) 22,96,537 22,79,174 17,363 11,51,741 1,13,22,969
10. Arbitrage Funds 6,138 3,977 2,161 57,044 2,63,705
11. Hybrid (Balanced) funds 3,475 2,956 519 1,74,523 63,36,101
12. Gold ETF 14 30 -16 4,621 3,17,700
13. FoF investing Overseas 97 37 60 1,764 1,19,268
14. Eq. funds investing overseas 30 10 20 557 79,131
15. Infrastructure Debt Funds - - - 2,698 97
Grand Total 23,32,979 22,97,450 35,529 22,23,560 7,90,31,596

Gross Sales, Netflow, AUM on monthly basis – Current year v/s previous year (All figures ₹ in crore)

Month Previous Financial Year Current Financial Year


(2017-18) (2018-19)
Gross Sales Netflow AUM Gross Sales Netflow AUM
October 17,73,189 51,148 21,41,346 23,32,979 35,529 22,23,560
September 18,35,659 (16,604) 20,40,301 16,92,981 (2,30,158) 22,04,423
August 16,25,221 61,701 20,59,289 19,79,779 1,74,648 25,20,430
July 18,00,582 63,504 19,96,905 22,01,406 (32,628) 23,05,538
June 15,52,372 (16,592) 18,96,291 20,68,450 46,475 22,86,401
May 16,59,455 (40,711) 19,03,975 19,38,427 (50,000) 22,59,578
April 16,37,220 1,50,703 19,26,302 17,18,328 1,37,428 23,25,505

Total (YTD) 1,18,83,698 2,53,149 1,39,32,350 81,294


No. of Folios
Scheme Category No. of Folios (as on) Change Change YoY
31-Oct-17 30-Sep-18 31-Oct-18 MoM
Debt 95,82,220 98,00,968 97,78,815 -22,153 1,96,595
Liquid/Money Market 9,63,169 14,01,496 14,68,406 66,910 5,05,237
Gilt 92,988 63,867 63,731 -136 -29,257
Equity 3,73,00,255 4,78,58,780 4,87,31,745 8,72,965 1,14,31,490
ELSS 91,55,914 1,10,12,590 1,11,37,153 1,24,563 19,81,239
Arbitrage Funds 1,72,490 2,58,998 2,63,705 4,707 91,215
Balanced 49,09,482 62,78,352 63,36,101 57,749 14,26,619
Gold ETF 3,55,085 3,20,328 3,17,700 -2,628 -37,385
Other ETFs 5,36,269 7,77,110 8,14,875 37,765 2,78,606
FoF investing overseas 97,809 1,14,010 1,19,268 5,258 21,459
Infrastructure Debt Fund 58 97 97 0 39
Total 6,31,65,739 7,78,86,596 7,90,31,596 11,45,000 1,58,65,857
B. Data pertaining to Equity, Arbitrage, ELSS & Balanced Schemes (All figures ₹ in crore)

Gross Sales, Netflow, AUM on monthly basis – Current year v/s previous year

Month Previous Financial Year (2017-18) Current Financial Year (2018-19)


Gross Sales Netflow AUM Gross Sales Netflow AUM
October 37,796 21,899 8,55,449 32,418 15,302 9,73,676
September 44,198 27,077 7,94,050 31,832 11,982 9,79,281
August 42,795 29,145 7,72,246 35,489 8,553 10,46,747
July 38,912 20,591 7,50,699 30,162 10,872 10,09,734
June 35,316 15,622 7,00,890 28,664 9,719 9,61,329
May 33,102 18,402 6,85,713 34,667 14,736 9,76,165
April 28,802 16,565 6,62,300 33,518 15,909 9,81,589

Total (YTD) 2,60,921 1,49,301 2,26,750 87,073

No. of Folios
Scheme No. of Folios (as on) Change Change
Category 31-Oct-17 30-Sep-18 31-Oct-18 MoM YoY
Equity 3,73,00,255 4,78,58,780 4,87,31,745 8,72,965 1,14,31,490
ELSS 91,55,914 1,10,12,590 1,11,37,153 1,24,563 19,81,239
Arbitrage Funds 1,72,490 2,58,998 2,63,705 4,707 91,215
Balanced 49,09,482 62,78,352 63,36,101 57,749 14,26,619
Total 5,15,38,141 6,54,08,720 6,64,68,704 10,59,984 1,49,30,563

C. Arbitrage Funds ₹ in crore


Arbitrage Funds Arbitrage Funds
Month Gross Net-flow AUM Folio
Sales count F.Y. Gross Sales Netflow
Oct 18 6,138 2,161 57,044 263,705 Apr 18 – Oct 18 32,957 1,456

Sep 18 4,374 79 54,775 258,998 Apr 17 – Mar 18 90,904 20,515

Aug 18 4,208 (2,452) 54,553 2,52,593


Jul 18 4,799 1,133 56,974 2,50,698
Jun 18 3,934 (1,423) 55,747 2,48,985
May 18 4,488 720 57,052 2,46,725
Apr 18 5,016 1,238 56,218 2,44,436

D. No. of Schemes and AAUM

Scheme Category Open Close Interval Total AAUM for Oct 18


Ended Ended (₹ in crore)
Liquid/ Money Market funds 53 - - 53 5,49,818
Debt Funds 240 888 25 1,153 7,06,221
Gilt funds 28 - - 28 7,863
Equity Schemes
Index Funds 21 - - 21 3,868
Arbitrage Funds 21 1 - 22 55,626
Equity schemes investing
6 2 - 8 561
overseas
Other Equity schemes 303 114 1 418 6,41,015
ELSS 42 28 - 70 81,260
Sub-total – Equity 393 145 1 539 7,82,330
Balanced 26 - - 26 1,72,299
Gold ETF 12 - - 12 4,592
Other ETFs 60 - - 60 87,845
FoF investing Overseas 29 - - 29 1,787
Infrastructure Debt Fund - 10 - 10 2,689
Total 841 1,043 26 1,910 23,15,444
E. Scheme category-wise/ Investor category-wise AUM for past 3 years

Data as on 30-Sep-18 Data as on 30-Sep-17 Data as on 30-Sep-16


Scheme Category Investor AUM % to AUM % to AUM % to
Category total total total

Equity + Balanced HNI * 3,78,912.76 38.69 2,89,055.62 36.40 1,77,752.09 33.87


Retail 4,74,901.18 48.49 3,79,085.80 47.74 2,67,211.85 50.91
Corporates 1,25,466.45 12.81 1,25,909.01 15.86 79,874.83 15.22
Total 9,79,280.39 7,94,050.43 5,24,838.77
Schemes other
than equity and HNI * 3,17,839.86 25.94 2,82,450.77 22.66 2,47,967.51 23.50
balanced
Retail 89,793.13 7.33 89,410.36 7.17 56,432.80 5.35
Corporates 8,17,509.58 66.73 8,74,389.94 70.16 7,50,837.11 71.15
Total 12,25,142.57 12,46,251.07 10,55,237.42
Grand Total HNI * 6,96,752.62 31.61 5,71,506.39 28.01 4,25,719.60 26.94
Retail 5,64,694.31 25.62 4,68,496.16 22.96 3,23,644.65 20.48
Corporates 9,42,976.03 42.78 10,00,298.95 49.03 8,30,711.94 52.57
Total 22,04,422.96 20,40,301.50 15,80,076.19

* High Networth Individuals (HNI) : Defined as individuals investing Rs 5 lakhs and above

F. SIP
(SIP Count in Lakh)
Total No. of No. of New SIP AUM SIP
No. of SIPs ₹ crore Contribution
Month outstanding SIP SIPs
discontinued ₹ crore
Accounts registered
Apr 18- Oct 18 248.94 70.35 32.87 2,17,818 52,472

Oct 18 248.94 9.35 4.66 2,17,818 7,985


Sep 18 244.25 10.64 4.79 2,17,621 7,727
Aug 18 238.40 10.70 4.82 2,32,167 7,658
Jul 18 232.52 10.16 6.26 2,19,884 7,554
Jun 18 228.62 10.34 4.52 2,05,650 7,554
May 18 222.80 10.36 3.83 2,14,064 7,304
Apr 18 216.27 8.80 3.99 2,14,302 6,690

Apr 17- Mar 18 211.46 116.41 34.83 1,98,738 67,190

Age-wise analysis of SIP Accounts as on 31-Oct-18

SIP Direct Plan Regular Plan


Accounts T-30 cities B-30 cities T-30 cities B-30 cities
continuing No. of SIP AUM No. of SIP AUM No. of SIP AUM No. of SIP AUM
for Accounts (₹ in crore) Accounts (₹ in crore) Accounts (₹ in crore) Accounts (₹ in crore)
> 5 years 8,14,696 1,103.51 6,89,985 667.70 68,09,413 27,100.48 63,63,556 11,921.55
> 4 years up
to 5 years 1,03,751 684.41 70,556 294.96 7,44,027 7,376.03 4,46,575 3,436.78
> 3 years up
to 4 years 77,004 1,024.13 46,934 438.23 5,75,674 10,201.17 4,26,625 4,739.59
> 2 years up
to 3 years 1,30,747 1,998.80 81,431 886.39 12,77,433 18,220.10 8,54,446 9,533.49
> 1 year up
to 2 years 1,39,011 3,722.21 90,648 1,309.83 9,31,134 29,302.43 7,25,333 13,633.10
Less than < 1
year 2,41,161 6,271.34 1,67,097 2,235.39 17,55,583 42,762.63 13,31,048 18,954.06
Total 15,06,370 14,804.40 11,46,651 5,832.50 1,20,93,264 1,34,962.84 1,01,47,583 62,218.57
II. Data on ARN Holders/ EUIN Holders (having valid registration)

A. Geographical spread of ARN holders/ EUIN Holders in T-30 and B-30 towns, having valid registration
as on October 31, 2018
Category From T-30 From B-30 Total % of B-30
towns towns to Total
A. ARN Holders
Individual 44,083 36,291 80,374 45
Senior Citizen 3,517 4,874 8,391 58
New Cadre 36 117 153 76
Corporate 5,238 1,350 6,588 20
Subtotal “A” 52,874 42,632 95,506 45
B. Employees
Corporate Employees having EUIN 68,118 31,029 99,147 31
IFA Employees having EUIN 49 6 55 11
Subtotal “B” 68,167 31,035 99,202 31
GRAND TOTAL (A+B) 1,21,041 73,667 1,94,708 38

B. Status of Registration of New ARN and Renewal of ARN


Given below is the statistics in respect of new registration of ARN and Renewal of ARN for the last year and the
current year.
Break-up of Corporate

Ltd.

Ltd,
Distributors

Employees

Employees
New Cadre

Partnership
Corporate

Corporate
Individual

Firms, etc.
Category/

Overseas

Total
Month

Public
NBFC

Bank

Cos.

Cos,
Pvt.

IFA
Apr 18- Oct 18 12,226 10 12 790 3 8 6 773 22,508 16 35,562

Oct 18 1,261 1 1 133 - 3 1 129 2,749 1 4,146


Sep 18 1,906 - 1 89 1 1 - 87 4,105 5 6,106
Aug 18 1,858 - 2 99 1 1 - 97 3,320 - 5,279
Jul 18 1,791 1 3 122 - 1 - 121 3,234 - 5,151
Jun 18 1,979 3 1 125 1 1 3 120 3,209 5 5,322
May 18 1,832 2 2 115 - 1 1 113 2,901 2 4,854
Apr 18 1,599 3 2 107 - - 1 106 2,990 3 4,704

Apr 17- Mar 18 20,339 28 13 1,277 4 13 2 1,258 36,153 21 57,831

i) New ARN Registration

State-wise New ARN Registration during the month of October 2018


% of ARN/ EUIN
Sr. No. State / Union territory registered for the month
of October 2018
1 Maharashtra 21.23
2 Gujarat 8.90
3 Uttar Pradesh 6.95
4 West Bengal 6.68
5 Karnataka 5.74
6 Delhi 5.48
7 Tamil Nadu 5.40
8 Rajasthan 5.14
9 Madhya Pradesh 4.51
10 Telangana 3.64
11 Haryana 3.52
12 Kerala 3.33
13 Punjab 2.99
14 Bihar 2.92
15 Andhra Pradesh 2.82
16 Orissa 2.12
17 Jharkhand 1.88
18 Chattisgarh 1.59
19 Uttarakhand 1.35
Remaining States having less than
20 3.81
1% Registrations each
Total 100.00

ii) ARNs Renewed


Category/ Month Individual New Cadre Corporate Corporate IFA Total
Employees Employees
Apr 18- Oct 18 11,768 - 700 7,690 6 20,164

Oct 18 1,511 114 1,090 2 2,717


Sep 18 1,989 - 107 1,407 2 3,505
Aug 18 1,644 - 84 1,136 - 2,864
Jul 18 1,723 - 106 990 - 2,819
Jun 18 1,840 - 85 1,108 2 3,035
May 18 1,788 - 105 1,003 - 2,896
Apr 18 1,273 - 99 956 - 2,328

Apr 17- Mar 18 15,382 19 1,223 10,085 3 26,712

C. ARN * / EUIN not renewed as on October 31, 2018

Financial Year in which Individual New Cadre Corporate Employees


Total
ARN/ EUIN expired Distributors Distributors Distributors having EUIN
FY 2018-19 (Up to Oct 2018) 2,558 9 164 9,929 12,660
FY 2017-18 2,520 16 165 10,291 12,992
FY 2016-17 3,084 332 125 7,332 10,873
FY 2015-16 2,409 408 169 3,909 6,895
FY 2014-15 3,379 - 248 7,472 11,099
FY 2013-14 4,287 - 316 7,761 12,364
GRAND TOTAL 18,237 765 1,187 46,694 66,883

* Only KYD compliant ARN holders included