Highlights:

The mutual fund Industry continued positive Momentum with higher inflows from equity and ETF assets. The company expects the industry to continue its growth trajectory next-3-5 years.

The company has posted strong growth in AUM at 33% to Rs 240400 crore end June 2021 over June 2020. The AUM market share of the company has improved 13 bps to 7.25% in the quarter ended June 2021.

The company sharply raised the base of its unique customer base to 7.5 million, up by 1.4 million over June 2020. The company has 31% market share in unique investors. It has added 6.30 lakh unique investors in Q1FY2021, accounting for 55% of the 1.1 million unique investors added by the industry.

The company has one of the highest share of retail assets at Rs 69600 crore.

The market is in the B-30 location at Rs 47200 crore is higher at 19% against 16% for the industry.

About 69% of individual assets have a vintage of more than 12 months.

The SIP folios have increased 10% yoy. The SIP inflows annualized stood at Rs 7000 crore.

The company has 51% market share in ETFs.

The company has continued to scale up international presence with the help of Nippon Life.

The company is continuously working on improving efficiency. The efficiency is expected to improve with rising AUM.

The company has witnessed decline in yields on sequential basis in the quarter ended June 2021 on account of increase in share of low yielding assets mix.

Other income declined due to reduction in equity schemes exposure and high base. The cash available with the company is 80% invested in its own scheme, 12% in fixed deposits and 3% in tax free bonds.

The company expects expenses to not increase much going ahead

The company is focusing on raising the share of the high networth individual segment going ahead.

The share of digital transactions in the overall purchase transaction has improved to 58% in Q1FY2022. About 6 lakh transactions were processed in Q1FY2022. The marketing efforts would be focused on digital channels.

The company has a strong geographical presence across 280 locations. The company has 80000 distributors empanelled

Operating profit margin improved to 28 bps from 21 bps last year

The company has cornered 82% share of the industry ETF folio additions in Q1FY2022. The company added 1.4 million ETF folios in Q1FY2022..

Post consolidation in the last few years, the company expects to grow existing funds and expand into new categories of AIF and PMS.

About 55% of the assets of the company have been sourced directly and retail segment is the forte of the company. The distributed channel accounted for 12% of sourcing, of which 21% is bank and 21% is national distributors.

The company is committed to organic growth and continues to evaluate inorganic growth opportunities.