The fund house has 14.4% of the industry’s folios and 39% of unique investors, the most of any mutual fund in India in terms of reach
Nippon India Mutual Fund has become the first asset management company in India to surpass 4 crore folios, according to data from the Association of Mutual Funds in India. The overall mutual fund industry had 27.86 crore folios at the end of June, with Nippon India accounting for 4.02 crore of them — the largest share of any single AMC.
A Dominant Investor Base
Beyond folio count, Nippon India also holds the industry’s largest unique investor base at 2.41 crore, representing 39% of the sector’s 6.19 crore unique investors. MD and CEO Sundeep Sikka said the milestone reflected the trust of millions of retail investors and the wealth-creation journey the fund house has enabled, while also noting its role in channelling household savings into Indian capital markets and facilitating Japanese investor participation in India’s growth story.
Where Other Fund Houses Stand
ICICI Prudential Mutual Fund came second in the race for the biggest number of folios with 3.18 crore, followed by HDFC Mutual Fund with 3.11 crore, SBI Mutual Fund with 2.24 crore, UTI Mutual Fund with 1.42 crore, Axis Mutual Fund with 1.35 crore, Tata Mutual Fund with 1.28 crore, Kotak Mahindra Mutual Fund with 1.19 crore, Aditya Birla Sun Life Mutual Fund with 1.11 crore, and DSP Mutual Fund with 1.03 crore, respectively.
Concentration at the Top
In total, the top 10 AMCs by number of folios had 19.94 crore mutual fund folios, representing 71.6% of the market, with the rest belonging to the other numerous fund management companies. At the same time, the number of unique investors stood at 6.19 crore, compared to the huge number of folios. This suggests that, on average, an investor has several folios with different schemes and fund companies.
