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MF News Equity funds add over 15 lakh folios in December

Equity funds add over 15 lakh folios in December

The total folio count reaches 6.64 crore folios.
Team Cafemutual Jan 9, 2018

Equity funds remain the preferred way for retail investors to invest in the markets

The latest SEBI data shows that equity funds including pure equity, ELSS, balanced and equity ETFs added close to 15.4 lakh folios in December. The total folio count of equity funds went up to 5.53 crore in December from 5.38 crore in November.

Experts attribute this addition of folios to optimism prevailing in the market and investor awareness initiatives. 

In absolute terms, pure equity funds witnessed the highest increase in folios. Over 12 lakh folios were added in equity funds taking the total number of pure equity fund folios to 3.98 crore.

Balanced funds followed pure equity funds. Balanced funds added close to 2 lakh folios. Balanced fund folios increased from 51 lakh in November to 53 lakh in December.

Equity ETF was the only equity category to witness a fall in folios. Equity ETF folios decreased by nearly 1 lakh to 7.6 lakh folios in December. 

Other than equity

Barring gilt funds, gold ETFs and fund of funds investing overseas, all other categories recorded a growth in folios. 

Overall, the industry has added over 15.65 lakh folios in December. The total folio count across all categories increased from 6.49 crore in November to 6.65 crore in December.

Folio count as on December 2017

 

Nov 2017

Dec 2017

Difference

Difference %

Equity

38578295

39851102

1272807

3.30

ELSS

9274606

9447359

172753

1.86

Balanced

5117641

5317154

199513

3.90

ETFs other

864791

761994

-102797

-11.89

ETFs gold

350202

345006

-5196

-1.48

Income funds

9567158

9574643

7485

0.08

Gilt

86944

83587

-3357

-3.86

Liquid

985447

1009825

24378

2.47

Fund of funds

96544

95774

-770

-0.80

Total

64921628

66486502

1564874

2.41

Source: SEBI

 

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