Their AUM at the end of September 2021 was Rs 3.6 lakh crore, which is around Rs 39,000 crore more than liquid funds as per the association’s data. mutual funds in India (AMFI). On an average, liquid funds had about Rs 80,000 crore more than the AUM ETFs throughout the last year.
The number of mutual fund schemes linked to ETFs rose to 103 in September from 71 two years ago.
ETF AUM has grown 72% over the past 12 months, which is almost double the mutual fund industry’s AUM growth. As a result, the share of the former category in total industry AUM increased by 250 basis points to 10% over the period.
ETF folio additions in September stood at 6 lakh, a record high and double the one-year average of 3.7 lakh folios. The cumulative ETF folio more than doubled to 69.1 lakh in one year. They made up 60% of the total folio of large cap funds as compared to 30% a year ago.
Average Investment Folio per ETF declined to Rs 5.3 lakh in September from Rs 12.5 lakh two years ago, reflecting increased participation of retail investors for a product, which initially started as an institutional product.
Notably, the Employees’ Provident Fund Organization (EPFO) has increased equity allocation through the ETF route.