Mutual fund folios doubled in 5 years at 17.79 lakh crore: ICRA Analytics
mutual fund folios have nearly doubled in the last five years and reached 17.79 lakh crore in March 2024, up from 8.97 lakh crore in March 2020. The reasons behind this were increasing awareness and a growing interest among retail investors for parking cash in equities and bonds through the mutual fund route, according to a release by ICRA Analytics.
The opening up of branches of fund houses beyond the top 30 towns is also encouraging more people to look at these as a suitable investment vehicle. This is also evident from the surge in the number of folios, said ICRA Analytics.
The retail investors account for a major share of the total number of folios. According to the quarterly data on folio and ticket size available on the AMFI website, the retail investors accounted for nearly 91.3% of the 16.49 folios in the industry as on December 2023, at 15.06 lakh crore. The HNIs account for around 8% at 1.33 lakh crore while institutional investors account for less than 1% at 0.11 lakh crore.
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An investor may have multiple accounts or folios in a single fund or across funds. This is therefore not a count of the number of investors, but the number of accounts, said ICRA Analytics.
On a year-on-year basis, the total number of mutual fund folios increased by nearly 22% from 14.57 lakh crore in March 2023.
“Increasing awareness
