With an addition of 14 lakh folios, the mutual fund industry has crossed 6 crore milestone to reach 6.08 crore folios in August, shows SEBI data.
AMFI monthly data shows that the total assets under management (AUM) of the MF industry reached a record high of Rs. 20.6 lakh crore in August.
Equity funds
SEBI data shows that equity funds have added close to 10 lakh folios in August. The folio count went up from 3.49 crore in July to 3.59 crore in August. AMFI data shows that equity funds have received net inflows of over Rs.19,515 crore last month. Industry officials say that volatility in equity markets has given a chance to many investors to pour money in equity funds.
Similarly, ELSS has been getting popular as a tax-saving instrument amongst investors. The category has witnessed an addition of around 1.21 lakh MF folios in August. AMFI data shows that ELSSs received net inflows of close to Rs. 847 crore at the same time.
Folio count in August 2017
|
Category |
Folios as on July 2017 |
Folios as on Aug 2017 |
Change |
|
Equity |
3,49,43,270 |
3,59,15,275 |
9,72,005 |
|
ELSS |
88,26,160 |
89,47,465 |
1,21,305 |
|
Balanced |
42,71,756 |
45,08,019 |
2,36,263 |
|
ETFs other |
5,34,448 |
5,41,789 |
7,341 |
|
ETFs gold |
3,58,785 |
3,55,205 |
-3,580 |
|
Income funds |
94,14,251 |
94,78,423 |
64,172 |
|
Gilt |
90,842 |
93,186 |
2,344 |
|
Liquid |
8,79,028 |
9,09,367 |
30,339 |
|
Fund of funds |
1,02,267 |
1,00,721 |
-1,546 |
|
Total |
5,94,20,807 |
6,08,49,450 |
14,28,643 |
Source: SEBI
Balanced funds continue to remain the investors favourite with 1.21 lakh folios added in August. It received net inflows of Rs. 8,783 crore last month. Industry officials say that HNIs are increasingly investing their money in balanced advantage funds due to volatility in the market.
The equity ETFs category is now gaining traction and has successfully added 7,341 MF folios in August with inflows of Rs. 1,513 crore.
Gold ETFs are continuously witnessing a decline in folio count and inflows for the last few months. The category saw a decline of 3,580 folios and an outflow of Rs.58 crore last month.
Debt funds added nearly 97,000 folios in August. While income funds added nearly 64,100 folios, liquid funds added close to 30,300 folios. Also, gilt funds are now picking momentum over the last two months due to rate cut. The category saw an addition of nearly 2,340 folios last month.
The debt funds category witnessed an addition of Rs. 31,162 crore during the month. While liquid funds mopped up net inflows of Rs. 21,352 crore, income and liquid funds grossed net inflows of Rs. 8,390 crore and Rs. 1,420 crore respectively.
