India’s Leading BFSI and FinTech Companies 2023

64 | India’s Leading BFSI and FinTech Companies 2023 [ INDIAN ASSET MANAGEMENT INDUSTRY OVERVIEW ] Liquid: Liquid asset classes share have declined from 23% in FY19 to 13% in FY22 as corporates and businesses are choosing to take out their short-termmoney parked in overnight and / or liquid funds for their business activities. Exchange Traded Funds: ETFs are increasingly becoming attractive asset classes with AMCs launching different schemes. ETF market maturity in India is still low as compared to other developed markets. Low cost and diversified nature of different schemes have attracted investor interests in ETFs. In FY22, ETF AUM, as a proportion of total industry AUM, rose to 11% in FY22, from 3% in FY18. In terms of total asset managed, ETF AUM grew by 53.8% in FY22 AUM break-down by asset type (%) Source: AMFI QAAUM No. of folios (million) 71 82 90 98 130 Mar'18 Mar'19 Mar'20 Mar'21 Mar'22 Source: AMFI QAAUM NO. OF FOLIOS: AT RECORD LEVELS IN FY22 FY22 witnessed persistent growth in participation, especially from retail investors in equity funds and ETFs. The mutual fund industry added 31.6 million folios during FY22. The increase in folios was led by the higher folios in the passive and equity categories. In fact, one of every three new folios added in the history of AMC were during FY22 Dun & Bradstreet