Anatomy of retail mutual fund investors
The asset under management (AUM) of the domestic MF industry witnessed a growth of 8.25 per cent in the last one year ending March 2019. It was growth in retail investors that pushed AUM higher. Individual investors now hold Rs. 13.54 lakh crore in mutual funds as of March 2019, an increase of 16.08 per cent over March 2018. Most of this has come from growth in equity-oriented schemes.
Category of Funds Where His Investment Goes
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)
In terms of origination of investment, we see that T30 still has a higher share in retail MF assets. Moreover, most of these investments are distributor driven, 63 per cent of the assets of individual investors from T30 cities, brought in by distributors. Direct investments amount to 17 per cent of the individual assets, divided as 3 per cent from B30 and 14 per cent from T30.
Where does the investor out his money? It has been seen that equity is the preferred route of investment, though, a small portion of direct investors are opting for ETFs from T30 location.
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)