Mutual Fund industry adds 63,000 folios
each day in September, 2017..!
Going by the latest SEBI data which shows that
the Rs.21 lakh crore mutual fund industry has added 12 lakh new retail folios
in September, 2017 we can say that people have started believing ‘Mutual funds
hi sahi hai’.
A rough calculation indicates that the industry
has added an impressive 63,000 folios each day in the month of September.
As a
result, the total folio count has reached over 6.20 crore at the end of second
quarter of 2017-18.
SEBI data shows that there has been a consistent
surge in the number of folios in equity funds.
Of 12 lakh folios, the MF industry has added over
8 lakh folios in pure equity funds. The category has received inflows of Rs.
18,010 crore in September.
Overall, the industry has added over 11.50 lakh
retail folios in equity funds if we include pure equity, ELSS, balanced funds
and ETFs that track indices.
Balanced funds continued the positive momentum by
adding 2.16 lakh folios. The category received net inflows of Rs. 8,141 crore
in September, 2017.
Also, the
AUM of balanced funds has reached Rs.1.35 lakh crore. Experts believe that most
of the inflows in balanced funds is due to increasing participation of HNIs
through balanced advantage funds.
No comments:
Post a Comment