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  • MF News Equity funds add over 15 lakh folios in December

    Equity funds add over 15 lakh folios in December

    The total folio count reaches 6.64 crore folios.
    Team Cafemutual Jan 10, 2018

    Equity funds remain the preferred way for retail investors to invest in the markets

    The latest SEBI data shows that equity funds including pure equity, ELSS, balanced and equity ETFs added close to 15.4 lakh folios in December. The total folio count of equity funds went up to 5.53 crore in December from 5.38 crore in November.

    Experts attribute this addition of folios to optimism prevailing in the market and investor awareness initiatives. 

    In absolute terms, pure equity funds witnessed the highest increase in folios. Over 12 lakh folios were added in equity funds taking the total number of pure equity fund folios to 3.98 crore.

    Balanced funds followed pure equity funds. Balanced funds added close to 2 lakh folios. Balanced fund folios increased from 51 lakh in November to 53 lakh in December.

    Equity ETF was the only equity category to witness a fall in folios. Equity ETF folios decreased by nearly 1 lakh to 7.6 lakh folios in December. 

    Other than equity

    Barring gilt funds, gold ETFs and fund of funds investing overseas, all other categories recorded a growth in folios. 

    Overall, the industry has added over 15.65 lakh folios in December. The total folio count across all categories increased from 6.49 crore in November to 6.65 crore in December.

    Folio count as on December 2017

     

    Nov 2017

    Dec 2017

    Difference

    Difference %

    Equity

    38578295

    39851102

    1272807

    3.30

    ELSS

    9274606

    9447359

    172753

    1.86

    Balanced

    5117641

    5317154

    199513

    3.90

    ETFs other

    864791

    761994

    -102797

    -11.89

    ETFs gold

    350202

    345006

    -5196

    -1.48

    Income funds

    9567158

    9574643

    7485

    0.08

    Gilt

    86944

    83587

    -3357

    -3.86

    Liquid

    985447

    1009825

    24378

    2.47

    Fund of funds

    96544

    95774

    -770

    -0.80

    Total

    64921628

    66486502

    1564874

    2.41

    Source: SEBI

     

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