SEBI data shows that the industry has added 4.04 lakh folios in equity funds in January.
Investors are rushing to equity funds in hordes. Thanks to market rally and inflows in new and existing funds, equity funds have seen an average addition of 13,534 new folios per day in January, shows the latest data published by SEBI. Reflecting the positive sentiment among investors, the industry has added over 4.04 lakh folios in equity funds in January.
The industry has added 12.32 lakh folios in equity funds during April-January 2015, attracting net inflows of Rs. 57,000 crore.
In January, the industry received net inflows of Rs. 6,324 crore in equity funds. Investors poured in over Rs.13,000 crore in equity funds (new launches and existing schemes) while redemptions stood at Rs. 6,600 crore. As a result, the total AAUM of equity funds (including ELSS) reached an all-time high at Rs. 3.40 lakh crore in January.
Advisors said that the revival in equity markets is leading more investors to sign up for SIPs. Also, retail investors have flocked to equity funds due to the optimism surrounding the market and the stellar returns delivered by equity funds. New funds too are getting their share of inflows. AMFI data shows that six new closed end equity funds launched in January collectively mopped up Rs.1,500 crore.
Barring gold ETF and fund of funds investing overseas, all other categories saw an addition in folios in January. The industry added close to 33,600 folios in debt funds and 3,411 folios in gilt funds in January. Meanwhile, ETFs which track the equity indices added close to 550 folios in January.
All in all, the industry added over 4.61 lakh folios in January. The total folio count across all categories increased to 4.07 crore in January from 4.03 crore in December.
Mutual Fund Folio Count as on January 2014
