Accounts Across Investor Types 0.6% There are 66,486,373 accounts in the mutual fund industry as at December 2017, of which 99.4% is accounted for by individual investors. 99.4% There were: 62,539,805 retail investor accounts 3,546,756 HNI accounts 399,812 Institutional investor accounts. Institutional Individuals Account refers to a folio. An investor may have multiple accounts in a single fund or across funds. This is therefore not a count of number of investors, but number of accounts. 1
Accounts Across Scheme Types 1.8% 1.5% 14.5% Liquid/Money Market Debt Oriented Nearly 82% of the investor accounts are in equity oriented schemes. 82.2% Equity Oriented ETFs, FoFs 14% of the accounts are in debtoriented schemes. Liquid and money market funds account for 1.5% of accounts. Equity-oriented schemes include equity and balance funds. Account refers to a folio. An investor may have multiple accounts in a single fund or across funds. This is therefore not a count of number of investors, but number of accounts. 2
Scheme Level Folio Composition of Investor Accounts 0.4% 1.4% 3.4% 1.1% Equity Oriented Debt Oriented Liquid and Money Market ETFs and FoFs 99.6% 98.6% 96.6% 98.9% Institutions Individuals Individual investors account for the most of the accounts, across fund types. In liquid and money market funds, they hold the least number, at about 97% of the total accounts. Institutions include domestic and foreign institutions and banks. Individual include HNIs. Account refers to a folio. An investor may have multiple accounts in a single fund or across funds. This is therefore not a count of number of investors, but number of accounts. 3
Mar-09 Sep-09 Mar-10 Sep-10 Mar-11 Sep-11 Mar-12 Sep-12 Mar-13 Sep-13 Mar-14 Sep-14 Dec-14 Mar-15 Jun-15 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Increase in Investor Accounts Since December 2014, there is an increase in investor accounts from 4.03 cr to 6.65 cr in December 2017 Figures in crores. Account refers to a folio. An investor may have multiple accounts in a single fund or across funds. This is therefore not a count of number of investors, but number of accounts. 4
Mar-09 Sep-09 Mar-10 Sep-10 Mar-11 Sep-11 Mar-12 Sep-12 Mar-13 Sep-13 Mar-14 Sep-14 Dec-14 Mar-15 Jun-15 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Investor-wise Rate of Growth in Investor Accounts Retail investor accounts have shown a positive rate of growth since December 2014. HNI Retail HNI accounts have shown positive growth to peak at 15% in Sep 2014 and moderate to 11% in December 2017. Data as on December 31. 2017. HNIs are defined as individuals investing Rs5 lakhs and above. 5
Dec-17 Sep-17 Jun-17 Mar-17 Dec-16 Sep-16 Jun-16 Mar-16 Dec-15 Sep-15 Jun-15 Mar-15 Dec-14 Sep-14 Mar-14 Sep-13 Mar-13 Sep-12 Mar-12 Sep-11 Mar-11 Sep-10 Mar-10 Sep-09 Mar-09 Scheme-wise Rate of Growth in Investor Accounts 20% There was a sharp rise in the number of equity accounts in 2016-17 For debt oriented schemes, the rate of growth was positive but declining because of the shift in investor preference towards equity. 10% 0% -10% Debt Oriented Equity Oriented 1 6
Average ticket size in Equity Schemes is Rs. 1.72 lakh 854,314 171,841 637,857 319,865 2,835,550 The average ticket size is higher for liquid and debt oriented schemes which are dominated by institutional investors. The ticket size for equity oriented funds is Rs.171,841 per account. This is the average asset size per account in the equity oriented funds. Ticket size is computed as assets managed for a scheme category/number of accounts for that category. 7
Retail investors average account size is Rs. 85,875 23,159,063 85,875 1,778,099 93,961,115 Institutional investors including FIIs had the largest ticket size, at Rs.9.40 cr per account. Retail investors had an average ticket size of Rs.85,875 per account, while HNIs held Rs. 17.78 lakh per account. Ticket size is computed as assets managed for a given investor category /number of accounts for that category. HNIs as defined as individuals investing Rs 5 lakhs and above. 8
32% of the Industry s Equity Assets stay invested for more than 2 years 32.3% Equity Non-Equity 24.9% 6.8% 17.6% 9.5% 14.9% 12.2% 11.9% 18.4% 18.1% 15.1% 18.2% 0-1 Month% 1-3 Month % 3-6 Month % 6-12 Month% 12-24 Month% >24 Month% Equity assets have a longer average holding period as compared to non-equity assets. 32% of equity assets have been held for periods greater than 24 months. The increase in holding period for applicability of long term capital gains to debt could be one of the reasons why more non-equity assets are being held for 2 years or longer. Equity and Non-equity schemes as per AMFI classification. 9