Going by the latest SEBI data which shows that the Rs.21 lakh crore mutual fund industry has added 12 lakh new retail folios in September, we can say that people have started believing ‘Mutual funds hi sahi hai’.
A rough calculation indicates that the industry has added an impressive 63,000 folios each day in the month of September. As a result, the total folio count has reached over 6.20 crore at the end of second quarter of FY 2017-18.
SEBI data shows that there has been a consistent surge in the number of folios in equity funds.
Of 12 lakh folios, the MF industry has added over 8 lakh folios in pure equity funds. The category has received inflows of Rs.18010 crore in September.
Overall, the industry has added over 11.50 lakh retail folios in equity funds if we include pure equity, ELSS, balanced funds and ETFs that track indices.
Balanced funds continued the positive momentum by adding 2.16 lakh folios. The category received net inflows of Rs. 8,141 crore in September. Also, the AUM of balanced funds has reached Rs.1.35 lakh crore. Experts believe that most of the inflows in balanced funds is due to increasing participation of HNIs through balanced advantage funds.
Folio count in September 2017
|
Category |
Folios as on Aug 2017 |
Folios as on Sept 2017 |
Change |
|
Equity |
3,59,15,275 |
3,67,24,297 |
8,09,022 |
|
ELSS |
89,47,465 |
90,63,044 |
115,579 |
|
Balanced |
45,08,019 |
47,24,082 |
216,063 |
|
ETFs other |
5,41,789 |
5,41,477 |
-312 |
|
ETFs gold |
3,55,205 |
3,49,641 |
-5,564 |
|
Income funds |
94,78,423 |
95,21,468 |
43,045 |
|
Gilt |
93,186 |
93,819 |
633 |
|
Liquid |
9,09,367 |
9,32,841 |
23,474 |
|
Fund of funds |
1,00,721 |
98,462 |
-2,259 |
|
Total |
6,08,49,450 |
6,20,49,131 |
11,99,681 |
Source: SEBI
Equity ETFs witnessed a marginal drop of 312 folios in September. However, the category saw inflows Rs. 1,968 crore in September due to increased participation from EPFO.
Although we are approaching the festive season, there was no traction in the Gold ETF category. The category lost 5,564 investor folios and witnessed an outflow of Rs.74 crore.
Debt funds added more than 67,000 folios last month. While income funds added nearly 43,100 folios, liquid funds added close to 23,500 folios. The category saw an addition of 633 folios last month.
However, the debt funds category witnessed outflows of Rs. 50,350 crore mainly due to corporate redemptions.
