Continuing the uptrend for the fourth consecutive
quarter, retail equity mutual fund (MF) folios or / investor accounts rose by a
record 1.5 lakh to 3.28 crore in the second quarter of 2015-16 (July to September).
The sharp increase has resulted in retail equity MF folio
count jumping by nearly 20 lakh in the first half of 2015-16.
Nearly 8.17 lakh equity MF folios were added in the
preceding quarter. Investors remained buoyant on equity funds despite the
volatility in the stock markets.
Net inflows (higher purchase than sales) into equity
schemes came at $3 billion or Rs 19,614 crore in July-September as investors
lapped up more MF units in a falling market.
Retail MF folios rose by 15.11 lakh on an overall basis
to 4.24 crore, data with the AMFI showed.
Even on a half-yearly basis, the rise in retail folios
during April-September is a record.The retail segment's share in total mutual
fund AUM (assets under management) rose to 22% in July-September from 21% in
the preceding quarter.
Overall, fo ios rose by 16.66 lakh or / 3.9% du ring the
quarter. High net worth ndividuals (HNI), defined as in dividuals investing Rs
5 lakh or more, folios increased by 1.13 lakh to a record 16.33 lakh led by
both equity (up 0.77 lakh folios) and debt (up 0.20 lakh folios) in
July-September, 2015 AMFI data showed
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