India’s Leading BFSI and FinTech Companies 2023

India’s Leading BFSI and FinTech Companies 2023 | 65 [ INDIAN ASSET MANAGEMENT INDUSTRY OVERVIEW ] Investor break-up (%) 49% 45% 48% 46% 45% 28% 29% 33% 32% 32% 24% 26% 19% 22% 23% Mar'18 Mar'19 Mar'20 Mar'21 Mar'22 Institutional HNI Retail Source: AMFI QAAUM CONTRIBUTION BY T-30 & B-30 CITIES: T-30 ACCOUNTS FOR 83% SHARE IN FY22 D u e t o t h e p r e s e n c e o f institutional investors and a higher concentration of assets in non- equity schemes, AUM has been concentrated in the Top 30 (T-30) cities. The T-30 cities had 83% of the MF assets as of March 2022, followed by cities outside the Top- 30 or B-30, which held 17% of the assets. In comparison to T-30 cities, AUM from the B-30 has a higher composition of equity assets. Moreover, B-30cities arebecoming more significant in the industry’s AUM mix as the SEBI encourages mutual fund growth outside of the top 30 cities. Geography wise AUM break-down Top 30 Cities Bottom 30 Cities 83% 17% Top 30 Cities Bottom 30 Cities Source: AMFI QAAUM INVESTOR TYPE: INSTITUTIONAL ACCOUNTS FOR 45% SHARE IN FY22 Over last four years retail, HNI & institutional AUM grew at a CAGR of 13%, 17% and 11% respectively. HNI investors’ share of industry AUM increased from28% inMarch 2018 to 32% in March 2022. The HNI investor Monthly Average AUM (MAAUM) rose to INR 12 trillion inMarch2022, fromINR10.2 trillion in March 2021, an increase of 17%, whereas institutional investors MAAUM rose by 13% from INR 14.9 trillion inMarch 2021 to INR 16.9 trillion in March 2022. Retail investors MAAUM grew by 25% from INR 7 trillion to INR 8.8 trillion due to the strong recovery in equity markets in FY21. Majority of the retail investors assets are invested in equities. In fact, one of every three new folios added in the history of AMC were during FY22 Dun & Bradstreet