Investors poured Rs. 62,548 crore in equity funds during April-February.
Investors are rushing to equity funds in droves. Thanks to the market rally and inflows in new and existing funds, equity funds have seen an average addition of 15,933 new folios per day in February, shows the latest SEBI data. Reflecting the positive sentiment among investors, the industry has added over 3.82 lakh folios in equity funds in February.
The industry has added 16.14 lakh folios in equity funds during April-February 2015, attracting net inflows of Rs. 62,548 crore.
In February, the industry received net inflows of Rs. 5,217 crore in equity funds. Investors poured over Rs. 11,288 crore in equity funds (new launches and existing schemes) while redemptions stood at Rs. 6,017 crore. As a result, the total AAUM of equity funds (including ELSS) reached an all-time high at Rs. 3.45 lakh crore in February.
Advisors say that the revival in equity markets is encouraging 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 seven new equity funds were launched in February which collectively mopped up Rs.659 crore.
Barring gold ETFs and fund of funds investing overseas, all other categories saw an addition in folios in February. The industry added close to 36,785 folios in debt funds and 2,897 folios in gilt funds in February. Meanwhile, ETFs which track the equity indices added close to 1,990 folios in January.
All in all, the industry added over 4.53 lakh folios in February. The total folio count across all categories increased to 4.07 crore in February from 4.11 crore in January.
The BSE Sensex touched an all-time high of 30,000 in March. With the optimism surrounding the market, fund officials believe that equity funds will continue to attract fresh inflows in March as well.
