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Mutual Funds: Despite the ups and downs in the stock market in 2022-23, investing in mutual funds has become very popular and there has been tremendous enthusiasm among investors regarding investment. However, in the financial year 2022-23, the average investment of retail investors has decreased as compared to 2021-22. The average investment of a retail investor by March 2022, where it was Rs 70,199, has come down to Rs 68,321 in 2022-23. Association of Mutual Funds in India (Amfi) has released this data.
While the average investment of retail investors has declined, the average investment of institutional investors has increased during this period. The average investment of an institutional investor has been Rs 10.11 crore. At the same time, the investment of institutional investors in liquid and debt oriented schemes has been the highest. The average investment in debt schemes has been Rs 14.53 lakh while the average investment in equity funds has been Rs 1.54 lakh.
Investing in equity has been investing for a longer period as compared to non-equity assets. The holding period of investment in 45 per cent equity assets has been more than 2 years. At the same time, the retail investor has invested 56.5 per cent in equity assets for more than two years. During this, tremendous growth has been seen in the accounts of retail investors. Its credit goes to the awareness campaign in digitization and investing in mutual funds.
In 2022-23, the mutual fund industry has added 1.62 crore new folios. It has seen a jump since December 2014. From 4.03 crore, the number of folios has increased to 12.95 crore by March 2022 and 14.57 crore by March 2023. In this 14.57 crore folio, the share of retail investors is 91 per cent or 13.28 crore. In this, the number of accounts of high net worth individual investors has reached 1.19 crore and the number of accounts of institutional investors has reached 9.82 lakh. Inflow in mutual funds has increased by 7 percent to Rs 40.05 lakh crore in 2022-23, in which the share of small cities is 17 percent.
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