The mutual fund industry has collected close to Rs.47,755 crore from 335 NFOs in FY 2015-16, shows a note sent to fund houses by AMFI.
A large share of this inflow has come in closed end funds. While the industry has collected close to Rs. 43,000 crore from 295 close end NFOs, Rs. 4,638 was mopped up from 38 open end NFOs.
Equity NFOs received close to Rs.6,200 crore last fiscal. Close to half of this (Rs. 2,979 crore) was collected by 22 closed end equity NFOs while 14 open end equity NFOs received Rs. 1,820 crore last fiscal. This was reflected in the growth in folios in this category. Equity funds added over 43 lakh folios in FY 2015-16.
Other categories within equity NFOs like six ELSS NFOs and 12 ETF NFOs mopped up Rs. 400 crore and Rs.1,220 crore respectively. Overall, in FY 2015-16, equity funds mopped up close to Rs.74,000 crore. As a result, the AUM of equity funds crossed Rs. 3.80 lakh crore in March.
There were three NFOs in the balanced funds category which collected Rs.360 crore. Balanced fund have added five lakh new folios last fiscal. The folios count can also increase due to addition of investors in existing funds.
Among debt NFOs, income funds collected Rs. 40,850 crore last fiscal. While 267 closed end income fund NFOs collected Rs.39,700 crore, six open end income schemes mopped up Rs.1,170 crore in FY 2015-16. Income funds added over 10 lakh new folios in FY 2015-16.
The industry received Rs.163 crore from two interval income NFOs last fiscal.
Currently, the mutual fund industry has 2,420 schemes consisting of 829 open end schemes, 1,513 closed end and 78 interval schemes. However, there were 11,251 NAVs published on AMFI website as on March 31, due to multiple plans under each scheme including direct plans.
