Slowdown in new folio addition

In November, the mutual fund industry registered an addition of 2.6 lakh new folios, taking the overall folio count to 8.65 crore from 8.62 crore in October. 

With 2.6 lakh new folios, November witnessed the slowest increase in the number of folios. In April, the MF industry added 5.05 lakh in April, 5.05 lakh in May, 5.30 lakh in June, 10.29 lakh in July, 4.80 lakh in August, 3.45 lakh in September and 6.30 lakh in October. 

Equity funds

Large cap and multi cap fund saw robust increase in folios as they added 1.03 lakh and 58,302 new folios respectively. With this, the total number of folios in large cap reached 94.28 lakh and multi cap fund touched 88.77 lakh. Apart from these two categories, ELSS witnessed healthy increase in folios as it added 40,140 folios in November taking the total folios to 1.18 crore. 

Focused fund was another category that registered a rise in the number of folios as it added 41,894 folios. 

However, the industry has witnessed decline in other equity categories like mid cap, small cap, dividend yield, value and thematic funds.

Hybrid funds

Hybrid funds saw a decline in the number of folios barring balanced advantage and arbitrage funds. Aggressive hybrid category saw the steepest decline as it fell by 54,453 while conservative hybrid funds fell by 7,701 compared to the previous month. 

Balanced advantage and arbitrage funds saw an addition of 6,437 and 6,709 new folios respectively. 

Debt funds

Most of the debt categories registered a rise in the number of folios with low duration category witnessing highest folio addition. This category saw an addition of 33,864 new folios taking the overall folio count to 9.69 lakh. 

Liquid funds saw an increase of 32,603 new folios taking the aggregate folio count of the category to 17.45 lakh. 

Another category that registered a high number of new folios was corporate bond fund with 23,228 new folios. 

Meanwhile, the credit risk category continued to see a decline in number of folios. The number of folios in this category fell by 12,623. Medium duration category also saw a decline in the number of folios as it dropped by 3,066.