Indian Mutual Fund industry adds 3.5 lakh new unique investors in March

#IndianMFundsadds3.5lakh

The industry has added 22 lakh new folios during the month

Mumbai: The latest industry data shows that the MF industry added 3.50 lakh new unique investors in March 2025. With this increase, the number of unique investors in MFs increased from 5.39 crore in February 2025 to 5.43 crore in March 2025. This number grew by 97 lakhs in FY25.

The industry also added 22 lakh new MF folios in March taking its total folio count to 23.45 crore. The industry added a record 5.66 crore folios during FY25.

Here are other key data of the industry:

AUM in T30 & B30 cities

The AUM from T30 cities increased from Rs. 52.59 lakh crore in February 2025 to Rs. 53.17 lakh crore in March 2025, marking a 1% increase

In FY 25, the T30 AUM increased by Rs. 9.81 lakh crore from Rs. 43.36 lakh crore to Rs. 53.17 lakh crore, a growth of 23% in T30 assets

The B30 assets also increased in March by 5% to reach Rs. 12.57 lakh crore

The B30 AUM recorded a 25% increase in FY25 as it grew from Rs. 10.04 lakh crore to reach Rs. 12.57 lakh crore

Folio count in T30 & B30 cities

The number of folios in T30 cities increased from 12.14 crore in February 2025 to 12.25 crore in March 2025 to register an almost 1% increase

In one year, the T30 folio went up by 26% from 9.70 crore

In B30 cities, the folio count increased from 11.09 crore to 11.20 crore in March, showing a 1% increase

In FY25, the B30 folio count rose by over 38% from 8.09 crore

Average AUM per Folio

The average AUM per folio in T30 cities has increased from Rs. 2.41 lakh in February 2025 to Rs. 2.50 lakh in March 2025, an almost 4% increase

In FY25, the average AUM per folio in T30 cities has decreased from Rs. 2.60 lakh in March 2024 to Rs. 2.50 lakh in March 2025

The average AUM per folio in B30 cities has increased from Rs. 92,000 in February 2025 to Rs. 97,000 in March 2025, recording an increase of over 5%

During FY25, however, the average AUM per folio in B30 cities has seen a dip of over 8% from Rs. 1.06 lakh in March 2024 to Rs. 97,000 in March 2025

The combined retail average AUM per folio (T30+B30) is at Rs. 1.77 lakh in March 2025, showing an increase of 4% from Rs. 1.70 lakh in February 2025

Over the course of the last financial year, the combined retail average AUM per folio has decreased by about 7% from Rs. 1.90 lakh to Rs. 1.77 lakh

SIP account data

Total number of outstanding SIP accounts declined marginally from 10.17 crore in February 2025 to 10.05 crore in March 2025

In one year, the number of total outstanding SIP accounts increased by about 20% in FY25

Gross monthly SIP inflows recorded a marginal dip in March. It went down from Rs. 26,000 crore in February 2025 to Rs. 25,900 crore in March 2025

Overall, the gross monthly SIP inflows grew by 34% from Rs. 19,300 crore to Rs. 25,900 crore

The SIP AUM of the industry has reached Rs. 13.35 lakh crore in March 2025, contributing 20% to the total MF AUM

ARN registration

March 2025 saw a total of 5,842 ARN registration

These registrations comprised 2,563 individuals, 3,105 corporate employees, 158 corporate, 154 private limited companies and partnership firms, 14 individual MFD employees, 2 overseas distributors and public limited companies each and 1 bank and 1 NBFC

22% of the new registrations happened in Maharashtra while Gujarat and Uttar Pradesh were the next biggest contributors at 9% and 8%, respectively. West Bengal and Bihar also recorded 7% and 6% of the total ARN registrations

FY25 saw 64,109 registrations, which shows a 26% growth from 50,841 ARN registrations during FY24

Geographical distribution of ARN holders

The industry has a total of 3.01 lakh ARN holders

T30 cities have 1.66 lakh or about 55% of the total ARN holders while B30 cities contribute 1.35 lakh or 45% of the ARNs

Total ARN holders have grown by about 12.5% from 2.67 lakh in March 2024 to 3.01 lakh in March 2025

In T30 cities, ARN holders have grown at 9% from 1.53 lakh to 1.66 lakh in FY25

Such an increase was 18% in B30 cities where the number of total ARNs have increased from 1.15 lakh in March 2024 to 1.35 lakh in March 2025

ARN renewals

6,729 ARNs were renewals in March. Out of these, 4,029 renewals were from individuals, 2,495 from corporate employees, 189 corporate and 16 individual MFD employees

FY25 saw 72,982 ARN renewals, recording a 64% rise from 44,587 renewals during FY24

NFOs

Industry saw 19 NFOs in March

Passives saw the highest NFOs during March with 9 NFOs. This included 5 index funds, 3 non-commodity ETFs and 1 overseas FoF

Equity funds saw the second highest number of NFOs at 5, all of them in sectoral/thematic funds

Industry launched 4 NFOs in hybrid funds including 1 balanced advantage fund and 2 multi asset allocation fund

Debt funds saw 2 new launches both in long duration category