ICICI Prudential Mutual Fund | ICICI Prudential Added 20.42 Lakh New Folios In Financial Year 2020-21 | ICICI Prudential added maximum number of folios among top 3 fund houses, Franklin Templeton suffered a setback

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  • ICICI Prudential Mutual Fund | ICICI Prudential Added 20.42 Lakh New Folios In Financial Year 2020 21

Mumbai11 minutes ago

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  • Coming to the entire fund industry, there has been a decline in the folios of 11 fund houses.
  • The fund industry has added a total of 79.95 lakh folios in the financial year 2020-21

ICICI Prudential Mutual Fund House, which is among the top 3 fund houses in the country, has added the highest number of folios last year. It has added 20.42 lakh folios in the 2020-21 financial year. With this its total number of folios has gone up to 1.14 crore.

Folios are called investors

In fact, the folios in mutual funds are called investors. However, an investor can also have two folios. Axis Fund House has also added 20.42 lakh folios in 2019-20. With this, its total number of folios has gone up to 80.52 lakh. While Nippon India has added 10.82 lakh folios and has a total of 99.82 lakh folios.

Mirai added 8.26 lakh folios

Similarly, Mirai Asset has added 8.26 lakh folios taking its total number of folios to over 34 lakhs. Whereas Canara Robeco added 5.68 lakh folios and has 17.66 lakh folios. However, during this period, three big fund houses have also suffered a setback. In this, there has been a decline of 4.75 lakhs in the folio of Franklin Templeton. The number of its folios has been 32.78 lakh.

Franklin closed 6 debt schemes

Franklin Templeton closed its 6 debt scheme on 23 April last year. Since then, the number of its assets under management and folios has been declining. Similarly, the number of folios of L&T has come down by 3.67 lakhs. With this, the number of its folios has gone up to 25.34 lakh. The number of folios of HDFC Mutual Fund has come down by 4.63 lakh. Its total folio has been 89.62 lakhs. The number of folios of Birla Sun Life Mutual Fund has been 70.65 lakhs. Its folio has decreased by 1.20 lakh.

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Fall in folios of 11 fund houses

Talking about the entire fund industry, the folios of 11 fund houses have shown a decline. The fund industry has added a total of 79.95 lakh folios in 2020-21. At a time when the entire fund industry added 79.95 lakh folios in the last financial year, some of the leading fund houses like HDFC MF, Aditya Birla MF, Franklin Templeton MF and eight other mutual fund houses have seen a decline in the number of folios.

Digital focus gains

Nimesh Shah, MD & CEO, ICICI Prudential AMC, said, “We believe that the strong growth in folio numbers in the last financial year is largely a result of our relentless digital focus, increased level of investor awareness and our ability to create a niche for itself. The past two decades have provided a superior investment experience across different market cycles and asset classes (Business Cycle and Asset Classes). Not even once has the company made any default. This has increased investor confidence, which is playing a vital role in attracting new customers to the company.

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