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MF News MF industry crosses 6 crore folios in August

MF industry crosses 6 crore folios in August

Overall, the industry has added 14 lakh folios last month of which 10 lakh were equity folios.
Team Cafemutual Sep 8, 2017

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.

 

1 Comment
Prashant · 2 weeks ago
I do not understand why yiu never appreciate distributors for the wirk they have done? All this folios and AUM is purely because of distributors and distributors only( still SEBI wants to put us out of work by bringing in 'bakwaas' regulations). When you see inflows you appreciate investors which is wrong because it is we who make them understand and bring in so much investments. When it comes to awareness you appreciate AMCs and AMFI. So basically we are non-existent in your books right?
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