SEBI’s latest data shows the Rs. 21.45 lakh crore mutual fund industry has added 11 lakh new retail folios in October.
A rough calculation indicates that the industry has added an average of 59,000 folios per day in the month of October. As a result, the total folio count has reached over 6.31 crore in October 2017.
For the last three months, the industry had constantly added over 60,000 folios per day on average. However, last month, the industry witnessed a slight decrease in retail folio count. Industry officials believe the decline in the quantum of new folios is largely due to the festive season as investors were more inclined to buy gold and other physical assets.
Among mutual fund categories, equity funds have added over 10.26 lakh folios last month including pure equity, balanced and ELSS. Thanks to the market rally, pure equity funds have attracted 7 lakh investors increasing the folio count from 3.67 crore in September to 3.74 crore in October. At the same time, equity funds saw an inflow of Rs.15,218 crore, shows the latest AMFI data. Also, AUM of equity funds stood at Rs. 6.32 crore in October.
ELSS funds witnessed an addition of around 92,000 MF folios and received net inflows of close to Rs. 784 crore in October. Balanced funds continued the positive momentum by adding 1.85 lakh folios. The category received net inflows of Rs. 5,897 crore in October.
Folio count as on October 2017
|
Category |
Folios as on Sept 2017 |
Folios as on Oct 2017 |
Change |
|
Equity |
3,67,24,297 |
3,74,72,745 |
7,48,448 |
|
ELSS |
90,63,044 |
91,55,914 |
92,870 |
|
Balanced |
47,24,082 |
49,09,482 |
1,85,400 |
|
ETFs other |
5,41,477 |
5,36,269 |
-5,208 |
|
ETFs gold |
3,49,641 |
3,55,085 |
5,444 |
|
Income funds |
95,21,468 |
95,82,220 |
60,752 |
|
Gilt |
93,819 |
92,988 |
-831 |
|
Liquid |
9,32,841 |
9,63,169 |
30,328 |
|
Fund of funds |
98,462 |
97,809 |
-653 |
|
Total |
6,20,49,131 |
6,31,65,681 |
11,16,550 |
Source: SEBI
After witnessing some traction in its folio count, ETFs that track indices saw a marginal decline. The category lost over 5,200 folios in October.
However, the gold ETF category witnessed an increase in its folio count last month, owing to the festive season. The category added over 5,400 folios.
Debt funds added more than 91,100 folios last month. While income funds added nearly 60,000 folios, liquid funds saw 30,000 new folios.
