In June, the MF industry witnessed addition of 5.30 lakh folios, taking the aggregate folio count to 8.38 crore from 8.32 crore in May, shows AMFI data.
At 5.30 lakh new folios, June witnessed the highest addition in number of folios in FY 19-20. In May, the MF industry saw an addition of 5.05 lakh new folios.
The increase in folios came largely on the back of a sharp increase in pure equity schemes, especially in large cap funds and multi cap funds. Large cap funds added 1.26 lakh new folios taking its aggregate folio count to 88.66 lakh. Similarly, multi cap funds added 1.03 lakh new folios taking the category’s folio count to 84.49 lakh.
Consequently, AUM of large cap schemes and multi cap schemes also witnessed a sharp uptick. In June, average AUM in large cap schemes stood at Rs.1.41 lakh crore, 3.4% higher than Rs.1.37 lakh crore in May. AUM of multi cap schemes rose to Rs. 1.44 lakh crore, 2.7% higher than Rs. 1.39 lakh crore in May.
Other pure equity fund categories such as large & mid cap funds, mid cap funds, small cap funds, focussed funds, sectoral/thematic funds, ELSS funds also saw an increase in aggregate folios.
However, not all the pure equity schemes saw a rise in aggregate folio counts. Dividend yield fund and value fund/contra fund categories registered a decline in folios.
Hybrid schemes
Most hybrid schemes witnessed a decline in their aggregate folio count with the balanced hybrid fund/aggressive hybrid fund category showing the steepest decline. The folio count in this category dropped by 26,678 to 54.68 lakh.
Debt funds
Among debt funds, the highest number of folios were added in liquid funds. With 80,517 new folios in June, aggregate folio count in liquid funds rose to 15.74 lakh from 14.93 lakh. Addition of new folios in this category is staggering, given that liquid funds had witnessed 40,297 new folios in May.
In June, average AUM of liquid funds was largely flat at Rs.5.40 lakh crore, as against Rs.5.39 lakh crore in May.
Folios in credit risk funds declined the most among debt funds. The number of folios fell by 10,158 in June to 5.54 lakh folios, as against 5.64 lakh in May.
In June, the average AUM of credit risk funds stood at Rs.74,607 crore, as against Rs.77,685 crore at the end of May.
|
Scheme |
Folio count in June |
Folios in May |
Difference |
AUM in June (in Rs. crore) |
AUM in May (in Rs. crore) |
|
Overnight Fund |
23,588 |
22,149 |
1,439 |
12,574.80 |
14,379.81 |
|
Liquid Fund |
15,73,737 |
14,93,220 |
80,517 |
5,39,689.10 |
5,39,505.35 |
|
Ultra Short Duration Fund |
6,16,149 |
6,06,796 |
9,353 |
90,116.86 |
88,290.32 |
|
Low Duration Fund |
9,20,401 |
9,24,739 |
-4,338 |
87,308.09 |
89,191.91 |
|
Money Market Fund |
2,94,011 |
2,88,865 |
5,146 |
62,354.36 |
60,858.37 |
|
Short Duration Fund |
2,70,692 |
2,67,690 |
3,002 |
81,179.33 |
81,735.28 |
|
Medium Duration Fund |
2,31,738 |
2,36,775 |
-5,037 |
34,512.82 |
35,712.89 |
|
Medium to Long Duration Fund |
1,04,257 |
1,03,695 |
562 |
9,876.97 |
9,916.73 |
|
Long Duration Fund |
19,721 |
18,851 |
870 |
1,295.96 |
1,174.44 |
|
Dynamic Bond Fund |
2,09,773 |
2,10,439 |
-666 |
19,319.58 |
19,620.13 |
|
Corporate Bond Fund |
2,09,731 |
2,00,609 |
9,122 |
63,937.01 |
62,229.15 |
|
Credit Risk Fund |
5,54,021 |
5,64,179 |
-10,158 |
74,607.90 |
77,685.18 |
|
Banking and PSU Fund |
91,470 |
87,682 |
3,788 |
40,270.04 |
37,395.85 |
|
Gilt Fund |
74,039 |
68,296 |
5,743 |
7,869.18 |
7,516.97 |
|
Gilt Fund with 10 year constant duration |
14,543 |
11,937 |
2,606 |
535.35 |
513.31 |
|
Floater Fund |
1,34,141 |
1,33,980 |
161 |
30,831.27 |
30,247.66 |
|
|
|
|
|
|
|
|
Growth/Equity Oriented Schemes |
|
|
|
|
|
|
Multi Cap Fund |
84,49,109 |
83,45,663 |
1,03,446 |
1,43,731.62 |
1,39,014.93 |
|
Large Cap Fund |
88,65,853 |
87,39,658 |
1,26,195 |
1,41,165.48 |
1,37,489.47 |
|
Large & Mid Cap Fund |
44,13,268 |
43,76,697 |
36,571 |
52,436.32 |
50,886.29 |
|
Mid Cap Fund |
61,79,893 |
61,56,665 |
23,228 |
77,160.46 |
74,546.15 |
|
Small Cap Fund |
50,27,778 |
49,92,445 |
35,333 |
45,795.17 |
44,066.67 |
|
Dividend Yield Fund |
4,99,937 |
5,03,273 |
-3,336 |
4,713.59 |
4,706.54 |
|
Value Fund/Contra Fund |
44,32,530 |
44,48,219 |
-15,689 |
58,271.49 |
57,453.40 |
|
Focused Fund |
29,62,457 |
29,28,557 |
33,900 |
39,698.91 |
37,784.92 |
|
Sectoral/Thematic Funds |
63,78,554 |
63,20,405 |
58,149 |
62,835.25 |
61,342.46 |
|
ELSS |
1,15,97,383 |
1,15,45,156 |
52,227 |
93,650.39 |
91,218.22 |
|
|
|
|
|
|
|
|
Hybrid Schemes |
|
|
|
|
|
|
Conservative Hybrid Fund |
4,29,347 |
4,34,743 |
-5,396 |
14,872.54 |
15,071.22 |
|
Balanced Hybrid Fund/Aggressive Hybrid Fund |
54,68,219 |
54,94,897 |
-26,678 |
1,45,328.54 |
1,44,942.01 |
|
Dynamic Asset Allocation/Balanced Advantage |
24,80,547 |
24,68,283 |
12,264 |
94,900.83 |
92,894.63 |
|
Multi Asset Allocation |
6,10,589 |
6,12,475 |
-1,886 |
12,828.87 |
12,629.46 |
|
Arbitrage Fund |
2,59,473 |
2,56,615 |
2,858 |
57,680.24 |
53,781.27 |
|
Equity Savings |
3,53,430 |
3,58,365 |
-4,935 |
17,967.50 |
18,440.36 |
|
|
|
|
|
|
|
|
Solution Oriented Schemes |
|
|
|
|
|
|
Retirement Fund |
24,96,353 |
24,96,973 |
-620 |
8,551.36 |
8,389.87 |
|
Childrens Fund |
28,83,696 |
28,83,163 |
533 |
8,194.49 |
8,067.80 |
|
|
|
|
|
|
|
|
Other Schemes |
|
|
|
|
|
|
Index Funds |
3,13,991 |
3,01,684 |
12,307 |
5,633.61 |
5,351.37 |
|
GOLD ETF |
3,27,515 |
3,24,385 |
3,130 |
4,641.48 |
4,482.57 |
|
Other ETFs |
9,09,297 |
9,00,305 |
8,992 |
1,42,688.73 |
1,31,568.81 |
|
Fund of funds investing overseas |
1,27,554 |
1,26,954 |
600 |
1,973.55 |
1,914.26 |
|
|
|
|
|
|
|
|
Close Ended Schemes |
|
|
|
|
|
|
Income/Debt Oriented Schemes |
|
|
|
|
|
|
Fixed Term Plan |
9,10,498 |
9,17,936 |
-7,438 |
1,40,577.54 |
1,41,525.90 |
|
Capital Protection Oriented Schemes |
1,49,677 |
1,50,144 |
-467 |
5,685.90 |
5,665.05 |
|
Infrastructure Debt Fund |
89 |
89 |
0 |
2,363.76 |
2,346.93 |
|
Other Debt |
1,26,475 |
1,26,697 |
-222 |
5,468.82 |
5,628.59 |
|
|
|
|
|
|
|
|
Growth/Equity Oriented Schemes |
|
|
- |
|
|
|
ELSS |
4,99,005 |
5,01,154 |
-2,149 |
4,488.01 |
4,445.88 |
|
Others |
12,64,057 |
12,74,014 |
-9,957 |
29,570.74 |
29,256.16 |
|
|
|
|
|
|
|
|
Interval Schemes |
|
|
|
|
|
|
Income/Debt Oriented Schemes |
4,473 |
4,522 |
-49 |
1,789.24 |
1,889.30 |
|
Growth/Equity Oriented Schemes |
8,630 |
12,018 |
-3,388 |
454.16 |
475.02 |
|
|
|
|
|
|
|
|
Grand Total |
8,37,71,689 |
8,32,42,056 |
5,29,633 |
25,81,397.21 |
25,43,248.91 |
