SUBSCRIBE NEWSLETTER
  • Change Language
  • English
  • Hindi
  • Marathi
  • Gujarati
  • Punjabi
  • Tamil
  • Telugu
  • Bengali
  • MF News MF industry adds nearly 18 lakh folios in November

    MF industry adds nearly 18 lakh folios in November

    The total folio count reaches 6.49 crore folios.
    Padmaja Choudhury Dec 9, 2017

    The MF industry added nearly 18 lakh folios to reach 6.49 crore folios in November, shows SEBI data.

    Of the 18 lakh new folios in November, 11 lakh folios were in equity funds taking the total number of equity fund folios to 3.85 crore.

    Experts attribute the increase in folios to upbeat market sentiment and increased awareness of mutual funds as an investment tool.

    AMFI data shows that equity funds have received net inflows of over Rs.19,508 crore last month.

    In percentage terms, the equity ETFs category recorded the highest jump in folios. The category witnessed a 61% increase in folios to 8.64 lakh folios in November. The NFO period of Bharat ETF remained open during the month and saw massive demand from investors. The fund house said that it has received nearly 3.35 lakh retail applications.

    Balanced funds saw the third highest increase of folios with 2.08 lakh folios added in November. It received net inflows of Rs.7,614 crore last month.

    ELSS category also saw a substantial increase in folios as investors are investing in ELSS as a tax-saving instrument.  The category has witnessed an addition of around 1.18 lakh MF folios in November.

    The categories that witnessed a fall in folios include gold ETFs, income funds, gilt funds and fund of funds.  

    Income and gilt funds saw a total reduction of almost 20,000 folios.

    G. Pradeepkumar, CEO, Union Mutual Fund said that the reduction in folios is due to the shift to equity market from fixed income. “The outlook on fixed income has turned bleak as there are concerns of rising inflation. There are also concerns on fiscal deficit,” said Pradeepkumar.

     

    Folio count as on November 2017

     

    Oct 2017

    Nov 2017

    Difference

    Difference %

    Equity

    37472745

    38578295

    1105550

    2.95

    ELSS

    9155914

    9274606

    118692

    1.30

    Balanced

    4909482

    5117641

    208159

    4.24

    ETFs other

    536269

    864791

    328522

    61.26

    ETFs gold

    355085

    350202

    -4883

    -1.38

    Income funds

    9582220

    9567158

    -15062

    -0.16

    Gilt

    92,988

    86944

    -6,044

    -6.50

    Liquid

    963169

    985447

    22278

    2.31

    Fund of funds

    97809

    96544

    -1265

    -1.29

    Total

    63165681

    64921628

    1755947

    2.78

     

    Source: SEBI

    Have a query or a doubt?
    Need a clarification or more information on an issue?
    Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

    Click to clap
    Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.
    0 Comment
    Be the first to comment.
    Login or Sign up to post comments.
    More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

    Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.