In July, the MF industry witnessed addition of 10.29 lakh folios, taking the aggregate folio count to 8.48 crore in July from 8.38 crore in June, shows AMFI data.
At over 10 lakh new folios, July witnessed addition of new folios touching a multi-month high and was the highest in FY 2019-20. In June, the industry had witnessed a rise of 5.30 lakh folios. In April and May, the number was around 5.05 lakh folios.
The increase in folios shows an even rosier picture for the MF industry, given the fact that it came in a month when the equity markets tanked. The BSE Sensex declined around 5% in July.
Commenting on this month’s data, N S Venkatesh, CEO, AMFI said, "Despite difficult month and volatile market conditions, the overall sentiment towards debt, equity and hybrid mutual fund schemes has been positive. This conveys signs of maturity on the part of retail investors and is reflective of continued investor trust in the Indian MF Industry."
Equity schemes
A sharp increase in growth/equity schemes drove the sharp increase in MF industry’s folios. With 1.56 lakh new folios in July, large cap funds saw the highest addition among all equity schemes and its aggregate folio count touched 90.22 lakh folios.
The next in the list was multi cap funds that added 1.16 lakh folios and the aggregate count reached 85.65 lakh folios.
Among other notable category of funds was focused funds. This category added 87,959 folios in July, as against 33,900 new folios in June. At the end of July, the total number of folios in this category stood at 30.50 lakh folios.
Other equity fund categories such as large & mid cap funds, mid cap funds, small cap funds, sectoral/thematic funds and ELSS funds also saw an increase in aggregate folios. These categories have also witnessed an increase in June.
However, not all the pure equity schemes saw a rise in aggregate folio counts. Dividend yield fund and value fund/contra fund categories continued to register a decline in folios. These categories have also witnessed a decline in June.
Hybrid schemes
Most hybrid schemes witnessed an increase in their aggregate folio count with dynamic asset allocation/balanced advantage fund category showing the steepest increase. The folio count in this category rose by 26,988 to 25.07 lakh.
In arbitrage fund, the folio count rose by 5,200 to 2.65 lakh. In June, 2,858 folios were added in this category.
Conservative hybrid fund and balanced hybrid fund/aggressive hybrid fund witnessed a decline in the number of folios.
Debt funds
Among debt funds, the highest number of folios were added in liquid funds. With 34,618 new folios in July, aggregate folio count in liquid funds rose to 16.08 lakh from 15.74 lakh.
Corporate bond fund and gilt fund also witnessed an increase of 15,899 and 9,889 folios, respectively.
Folios in credit risk funds continued to decline the most among debt funds. In June also, credit risk funds had witnessed the steepest decline among debt funds.
The number of folios fell by 12,472 in July to 5.42 lakh folios, as against 5.54 lakh in June.
|
Scheme |
Folio count in July |
Folio count in June |
Change |
|
Overnight Fund |
25,332 |
23,588 |
1,744 |
|
Liquid Fund |
16,08,355 |
15,73,737 |
34,618 |
|
Ultra Short Duration Fund |
6,25,353 |
6,16,149 |
9,204 |
|
Low Duration Fund |
9,11,841 |
9,20,401 |
-8,560 |
|
Money Market Fund |
3,00,940 |
2,94,011 |
6,929 |
|
Short Duration Fund |
2,75,579 |
2,70,692 |
4,887 |
|
Medium Duration Fund |
2,27,819 |
2,31,738 |
-3,919 |
|
Medium to Long Duration Fund |
1,05,536 |
1,04,257 |
1,279 |
|
Long Duration Fund |
22,181 |
19,721 |
2,460 |
|
Dynamic Bond Fund |
2,10,881 |
2,09,773 |
1,108 |
|
Corporate Bond Fund |
2,25,630 |
2,09,731 |
15,899 |
|
Credit Risk Fund |
5,41,549 |
5,54,021 |
-12,472 |
|
Banking and PSU Fund |
98,344 |
91,470 |
6,874 |
|
Gilt Fund |
83,926 |
74,039 |
9,887 |
|
Gilt Fund with 10 year constant duration |
19,014 |
14,543 |
4,471 |
|
Floater Fund |
1,35,243 |
1,34,141 |
1,102 |
|
|
|
|
|
|
Growth/Equity Oriented Schemes |
|
|
|
|
Multi Cap Fund |
85,65,434 |
84,49,109 |
1,16,325 |
|
Large Cap Fund |
90,21,930 |
88,65,853 |
1,56,077 |
|
Large & Mid Cap Fund |
44,55,330 |
44,13,268 |
42,062 |
|
Mid Cap Fund |
62,44,264 |
61,79,893 |
64,371 |
|
Small Cap Fund |
50,52,559 |
50,27,778 |
24,781 |
|
Dividend Yield Fund |
4,96,679 |
4,99,937 |
-3,258 |
|
Value Fund/Contra Fund |
44,14,290 |
44,32,530 |
-18,240 |
|
Focused Fund |
30,50,416 |
29,62,457 |
87,959 |
|
Sectoral/Thematic Funds |
64,29,761 |
63,78,554 |
51,207 |
|
ELSS |
1,16,70,306 |
1,15,97,383 |
72,923 |
|
|
|
|
|
|
Hybrid Schemes |
|
|
|
|
Conservative Hybrid Fund |
4,23,972 |
4,29,347 |
-5,375 |
|
Balanced Hybrid Fund/Aggressive Hybrid Fund |
54,62,731 |
54,68,219 |
-5,488 |
|
Dynamic Asset Allocation/Balanced Advantage |
25,07,535 |
24,80,547 |
26,988 |
|
Multi Asset Allocation |
6,10,655 |
6,10,589 |
66 |
|
Arbitrage Fund |
2,64,673 |
2,59,473 |
5,200 |
|
Equity Savings |
3,68,029 |
3,53,430 |
14,599 |
|
|
|
|
|
|
Solution Oriented Schemes |
|
|
|
|
Retirement Fund |
25,00,444 |
24,96,353 |
4,091 |
|
Childrens Fund |
28,84,923 |
28,83,696 |
1,227 |
|
|
|
|
|
|
Other Schemes |
|
|
|
|
Index Funds |
3,30,538 |
3,13,991 |
16,547 |
|
GOLD ETF |
3,39,220 |
3,27,515 |
11,705 |
|
Other ETFs |
12,35,283 |
9,09,297 |
3,25,986 |
|
Fund of funds investing overseas |
1,30,040 |
1,27,554 |
2,486 |
|
|
|
|
|
|
Close Ended Schemes |
|
|
|
|
Income/Debt Oriented Schemes |
|
|
|
|
Fixed Term Plan |
8,94,785 |
9,10,498 |
-15,713 |
|
Capital Protection Oriented Schemes |
1,49,046 |
1,49,677 |
-631 |
|
Infrastructure Debt Fund |
89 |
89 |
0 |
|
Other Debt |
98,296 |
1,26,475 |
-28,179 |
|
|
|
|
|
|
Growth/Equity Oriented Schemes |
|
|
|
|
ELSS |
4,97,145 |
4,99,005 |
-1,860 |
|
Others |
12,72,226 |
12,64,057 |
8,169 |
|
|
|
|
|
|
Interval Schemes |
|
|
|
|
Income/Debt Oriented Schemes |
4,420 |
4,473 |
-53 |
|
Growth/Equity Oriented Schemes |
7,867 |
8,630 |
-763 |
|
|
|
|
|
|
Grand Total |
8,48,00,409 |
8,37,71,689 |
10,28,720 |
