In September, the MF industry saw an addition of 3.45 lakh folios, taking the total folio count to 8.56 crore from 8.53 crore in August, shows recently released AMFI data.
The addition of folios was largely driven by open-ended equity schemes such as multi cap funds and large cap funds. In the debt fund space, liquid funds also saw considerable folio additions in September.
Equity funds
With 87,649 new folios in September, multi cap funds saw the highest addition in folios among all schemes. The total folio count crossed 87 lakh folios in the category. Next on the list was large cap funds that added close to 69,000 folios to cross 92 lakh folios. The other category that saw considerable addition of new folios among equity funds was ELSS. The tax saving MF category added over 44,000 folios, taking the aggregate folio count to 1.18 crore folios.
However, not all equity fund categories saw an increase in their folio count. While value fund/contra fund category witnessed a decline of 24,230 folios, sectoral/thematic funds saw a decline of 11,722 folios.
Debt funds
Most debt funds witnessed an increase in September. With over 54,000 new folios, liquid funds witnessed the third highest number of folio additions among all categories. The total folio count of this category went up to 16.97 lakh.
Next in the list was corporate bond funds. This category added 23,790 folios in September, taking the total number of folios in this category to 2.74 lakh folios. The number stood at 2.50 lakh folios in August.
Meanwhile, investors continued to exit credit risk funds. This category’s folio count declined by over 8,000 to 5.27 lakh folios in September.
Hybrid funds
In case of hybrid schemes, four categories saw a decline in folio count while two categories witnessed an increase. Dynamic asset allocation/balanced advantage category and arbitrage funds saw addition of 7,349 and 8,251 folios, respectively. However, categories such as conservative hybrid fund, balanced hybrid fund/aggressive hybrid fund, multi asset allocation fund and equity savings fund witnessed a decline in their number of folios.
With 3.45 lakh new folios, September saw the least increase in number of folios this fiscal. So far in FY 19-20, the MF industry has added around 5.05 lakh folios in April, 5.05 lakh folios in May, 5.30 lakh folios in June, 10.29 lakh folios in July and 4.81 lakh folios in August.
|
Scheme |
Folio count as on Sep |
Folio count as on Aug |
Change |
|
Income/Debt Oriented Schemes |
|||
|
Overnight Fund |
29,173 |
27,066 |
2,107 |
|
Liquid Fund |
16,97,147 |
16,42,412 |
54,735 |
|
Ultra Short Duration Fund |
6,54,458 |
6,38,945 |
15,513 |
|
Low Duration Fund |
9,25,121 |
9,15,412 |
9,709 |
|
Money Market Fund |
3,18,699 |
3,10,190 |
8,509 |
|
Short Duration Fund |
2,96,054 |
2,84,565 |
11,489 |
|
Medium Duration Fund |
2,26,892 |
2,27,175 |
-283 |
|
Medium to Long Duration Fund |
1,08,815 |
1,07,611 |
1,204 |
|
Long Duration Fund |
25,081 |
24,038 |
1,043 |
|
Dynamic Bond Fund |
2,15,566 |
2,13,482 |
2,084 |
|
Corporate Bond Fund |
2,74,070 |
2,50,280 |
23,790 |
|
Credit Risk Fund |
5,26,733 |
5,34,794 |
-8,061 |
|
Banking and PSU Fund |
1,14,728 |
1,06,041 |
8,687 |
|
Gilt Fund |
97,313 |
92,198 |
5,115 |
|
Gilt Fund with 10 year constant duration |
26,613 |
23,013 |
3,600 |
|
Floater Fund |
1,43,524 |
1,38,704 |
4,820 |
|
|
|||
|
Growth/Equity Oriented Schemes |
|
||
|
Multi Cap Fund |
87,40,979 |
86,53,330 |
87,649 |
|
Large Cap Fund |
92,14,249 |
91,45,535 |
68,714 |
|
Large & Mid Cap Fund |
45,04,923 |
44,89,848 |
15,075 |
|
Mid Cap Fund |
62,96,812 |
62,82,366 |
14,446 |
|
Small Cap Fund |
50,87,496 |
50,81,960 |
5,536 |
|
Dividend Yield Fund |
4,92,068 |
4,94,483 |
-2,415 |
|
Value Fund/Contra Fund |
43,82,101 |
44,06,331 |
-24,230 |
|
Focused Fund |
31,10,952 |
30,95,145 |
15,807 |
|
Sectoral/Thematic Funds |
64,28,349 |
64,40,071 |
-11,722 |
|
ELSS |
1,17,76,344 |
1,17,32,237 |
44,107 |
|
|
|||
|
Hybrid Schemes |
|
||
|
Conservative Hybrid Fund |
4,17,869 |
4,21,120 |
-3,251 |
|
Balanced Hybrid Fund/Aggressive Hybrid Fund |
54,27,806 |
54,59,299 |
-31,493 |
|
Dynamic Asset Allocation/Balanced Advantage |
25,33,801 |
25,26,452 |
7,349 |
|
Multi Asset Allocation |
6,10,110 |
6,11,170 |
-1,060 |
|
Arbitrage Fund |
2,83,008 |
2,74,757 |
8,251 |
|
Equity Savings |
3,61,218 |
3,66,407 |
-5,189 |
|
|
|||
|
Solution Oriented Schemes |
|
||
|
Retirement Fund |
25,01,700 |
24,99,044 |
2,656 |
|
Childrens Fund |
28,87,088 |
28,86,043 |
1,045 |
|
|
|||
|
Other Schemes |
|
||
|
Index Funds |
3,68,610 |
3,44,798 |
23,812 |
|
GOLD ETF |
3,59,475 |
3,49,636 |
9,839 |
|
Other ETFs |
11,76,700 |
11,38,040 |
38,660 |
|
Fund of funds investing overseas |
1,39,441 |
1,35,136 |
4,305 |
|
|
|||
|
Close Ended Schemes |
|
||
|
Income/Debt Oriented Schemes |
|
||
|
Fixed Term Plan |
8,67,938 |
8,96,120 |
-28,182 |
|
Capital Protection Oriented Schemes |
1,29,952 |
1,48,964 |
-19,012 |
|
Infrastructure Debt Fund |
89 |
89 |
- |
|
Other Debt |
89,375 |
93,977 |
-4,602 |
|
Growth/Equity Oriented Schemes |
|||
|
ELSS |
4,81,926 |
4,96,021 |
-14,095 |
|
Others |
12,63,952 |
12,64,690 |
-738 |
|
Interval Schemes |
|||
|
Income/Debt Oriented Schemes |
4,273 |
4,360 |
-87 |
|
Growth/Equity Oriented Schemes |
7,653 |
7,867 |
-214 |
|
Grand Total |
8,56,26,244 |
8,52,81,222 |
3,45,022 |
