In May, the MF industry witnessed addition of 5.05 lakh new folios, taking the aggregate folio count to 8.32 crore from 8.27 crore in April, shows AMFI data.
The increase in aggregate folios was largely due to a sharp rise in large cap fund folios which added 5.60 lakh new folios. With this, the aggregate folio count in large cap schemes rose to 87.40 lakh, from 81.79 lakh in April.
Consequently, AUM of large cap schemes also witnessed a sharp uptick. As on May 31, assets managed under large cap schemes stood at Rs.1.41 lakh crore, 10% higher than the Rs.1.26 lakh crore at the end of April.
Meanwhile, folio counts in multi cap funds took a beating and subdued the increase in total folios. Folios in multi cap funds fell by 3.72 lakhs in May to 83.45 lakhs, as against 87.18 lakh folios at the end of April.
AUM of multi cap schemes also fell sharply. As on April 30, asset managed under multi cap schemes stood at Rs.1.52 lakh crore but it fell to Rs.1.44 lakh crore by the end of May.
Among other scheme categories that saw a sharp decline in number of folios was aggressive hybrid fund. Folio count in aggressive funds declined by 31,886 in May to 54.95 lakh from 55.27 lakh in April.
Debt funds
Among debt funds, the highest number of folios were added in liquid funds. With 41,297 new folios in May, aggregate folio count in liquid funds rose to 14.93 lakh from 14.51 lakh.
As on May 31, AUM of liquid funds stood at Rs.5.49 lakh crore, as against Rs.4.78 lakh crore at the end of April.
Folios in credit risk funds declined the most among debt funds. The number of folios fell by 11,836 in May to 5.64 lakh folios, as against 5.76 lakh in April.
As on May 31, AUM of credit risk funds stood at Rs.76,305 crore, as against Rs.79,643 crore at the end of April.
