In a written reply, Pankaj Chaudhary, minister of state for finance, knowledgeable the Lok Sabha that as of 31 October 2021, over 135,000 buyers incomes between Rs 1 crore to Rs 5 crore yearly had invested Rs 9.93 lakh crore in MFs. This contribution involves 30.91% of the whole cash invested by buyers in MFs.
The second highest contributor within the MF funding is from those that earn Rs 1 lakh to Rs 4 lakh, whose contribution in whole AUM is Rs7.72 lakh crore or 24.04%. This group, at 61.21%, is the most important contributor within the whole variety of particular person buyers in MFs.
These incomes between Rs 5 lakh and Rs 10 lakh are the third-largest group of particular person buyers, at 19.28%. This group has contributed Rs 5.98 lakh crore or had a share of 18.64% within the whole AUM of MF investments in India.
These incomes above Rs 5 crore have a negligible share as solely 245 buyers from this incomes group had invested Rs 408.86 crore in MFs.
Market regulator Securities & Alternate Board of India (SEBI) has taken plenty of initiatives to reinforce market penetration of the MF business past the top-30 cities (B-30 cities).
“Over the previous few years, there was a major rise in funding in MFs from the B-30 cities. Whole AUM from B-30 cities has grown by 86% to Rs6.46 lakh crore in 2021-22 (until 31 October 2021) from Rs3.48 lakh crore in 2019-20. On the identical time, the whole AUM of the MF business has grown solely by 68% throughout the identical interval. There additionally has been a rise within the variety of systematic funding plans (SIPs) from the B-30 cities,” mentioned Chaudhary.
Throughout April and October 2021, Sebi performed 3,686 investor consciousness programme (IAPs), on-line as webinars, which 292,000 buyers attended.
Actually, rising investor curiosity in mutual funds has helped belongings managed by Indian MFs rise to a file excessive of Rs 37.3 lakh crore in October, up from Rs 36.7 lakh crore in September and Rs 28.2 lakh crore a 12 months earlier. In the course of the month, contributions by the systematic funding plan (SIP) route additionally rose to a brand new file excessive at Rs 10,519 crore, knowledge from business commerce physique AMFI confirmed.
Supply: Times of India