Mutual Fund Folio Count Climbs 44 Lakh
in April-November, 2016 to record 5.2 crore..
Driven by addition in equity fund folios, mutual
fund (MF) houses have registered a surge of about 44 lakh investor accounts in the first eight
months of the current fiscal, taking the total tally to 5.2 crore a record. This is on top of an additional 59
lakh folios in 2015-16 and 22 lakh in 2014-15.
In the last 2 years, investor accounts increased
following robust contribution from smaller towns. Folios are numbers designated
to individual investor accounts though one investor can have multiple ones.
According to the data from the Association of
Mutual Funds in India (Amfi) on total investor accounts with 43 active fund
houses, the number of folios rose to a record 5,20,49,348 at the end of last
month, from 4,76,63,024 in March-end, a gain of of 43.86 lakh.
Growing participation from retail investors,
especially from smaller towns, and huge inflows in equity schemes have
contributed to the upside, experts said. The equity category saw an addition of
over 31 lakh investor folios to 4.2 crore in April-November of the current
fiscal (2015-16).
Mutual funds have reported a net inflow of over
Rs. 40,700 crore in equity schemes in the first eight months of the current
fiscal. Overall, funds have seen an infusion of Rs. 3.03 lakh crore. The inflow
is in line with the Sensex surging over 5% during the period under review.
Mutual funds are investment vehicles made up of a
pool of funds collected from a large number of investors. The funds are invested
in stocks, bonds and money market instruments, among others.
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