According to the latest SEBI data on investor accounts comprising 39 active AMCs, the mutual fund industry has witnessed an increase of 7 lakh folios in January. The AUM of the mutual funds industry rose to an all-time high of Rs.17.37 lakh crore in January.
Reflecting the positive sentiment, the total investor base in equity funds excluding ELSS stood at 3.15 crore. The MF industry has added 3 lakh folios in January in equity category alone. Equity funds have received net inflows of over Rs. 3700 crore in January.
With tax season approaching, ELSS funds saw good traction with an addition of over 1 lakh folios.
Interestingly, if we include, equity, ELSS, balanced funds and equity ETFs, the total folio count in equity funds has touched 4 crore folios in January.
ETFs, which track the equity indices, have added of 2.5 lakh folios in January largely due to launch of FFO of CPSE ETF. Reliance Mutual Fund has collected Rs.6000 crore from the FFO of CPSE ETF from over 2.45 lakh applications.
Overall, active participation by retail investors has made the folio count go up from Rs.5.28 crore in December to Rs.5.35 crore in January. While the industry’s total folio count has exceeded five crore, experts believe that after deduplication based on PAN, the industry would roughly have 1 crore unique investors.
Folio Count as of January 2017 (in lakh)
|
Category |
Folio as on Dec 16 |
Folio as on Jan 17 |
Change |
|
Equity |
312 |
315 |
3 |
|
ELSS |
78 |
79 |
1 |
|
Balanced |
32 |
32 |
0 |
|
ETFs |
3.2 |
5.7 |
2.5 |
|
Gold ETFs |
4 |
4 |
0 |
|
Income Funds |
90 |
90 |
0 |
|
Gilts |
1 |
1 |
0 |
|
Liquid |
7 |
7.4 |
0.4 |
|
Overseas FOFs |
1 |
1.12 |
0.12 |
|
Total |
528.2 |
535.22 |
7 |
Source: SEBI
