Looking at ways to enhance your business & career? Log onto streetsahead.in to upgrade yourself!
SUBSCRIBE NEWSLETTER
MF News MF Industry adds 41,000 folios daily (average) in February

MF Industry adds 41,000 folios daily (average) in February

Total number of folios touched 8.18 crore last month.
Team Cafemutual Mar 11, 2019

The Rs.23 lakh crore mutual fund industry has added 8.22 lakh folios in February 2019, shows the latest SEBI data. A rough calculation indicates that fund houses have added over 41,100 folios daily last month.

Equity funds account for 66% of the total folio growth with an addition of 5.39 lakh retail folios.

Equity funds include pure equity, balanced and ELSS category. Majority of folios were created in equity funds (4.06 lakh) followed by ELSS (1.26 lakh). Overall, the equity category has seen a healthy folio growth of 19% year-on-year due to strong retail participation in mutual funds, said AMFI CEO NS Venkatesh.

Meanwhile, equity ETFs have seen an increase of 17% in folios largely due to the launch of ICICI Prudential Bharat 22 ETF last month. The category added 1.44 lakh folios last month.

Among debt funds, liquid funds have added 44000 folios. The liquid category has added over 5 lakh folios so far this financial year. Since markets are volatile, many advisors have recommended their clients to use STP route through liquid funds to invest in equity funds, said Mumbai RIA Suresh Sadagopan, Ladder 7 Financial Advisories.

Income funds added close to 90,000 folios in February.

Overall, industry’s folio count has reached 8.18 crore folios in February growing by 17% year-on-year, said Venkatesh.

Industry folio data for month of February 2019

Category

Folios as on February 2019

Folios as on January 2019

Absolute Change

Change (%)

Equity

50,705,344

50,298,561

406,783

0.8%

ELSS

11,620,458

11,494,273

126,185

1.1%

Balanced

6,416,340

6,409,710

6,630

0.1%

ETFs other

1,014,144

869,495

144,649

16.6%

ETFs gold

318,808

318,980

-172

-0.1%

Income funds

9,872,745

9,783,040

89,705

0.9%

Gilt

70,742

68,102

2,640

3.9%

Liquid

1,649,410

1,604,906

44,504

2.8%

Fund of funds investing overseas

124,676

123,020

1,656

1.3%

Total

81,792,667

80,970,184

822,483

1.0%

Source: SEBI

 

Click to clap
1 Comment
Patha Radhakishan · 2 weeks ago
How many Sip's are seasing r insufficient funds
Folios are adding by AMC targets , how many Sip's are live ?
Wish to stay on top of your game? Get daily tips, ideas and articles to grow your business.
Subscribe to Cafemutual Newsletter.