Indian Mutual Fund industry adds 63,000 folios each day in September, 2017..! - MYREALITY.In, Real Estate, Share Market, Mutual Fund, Insurance
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Wednesday, October 18, 2017

Indian Mutual Fund industry adds 63,000 folios each day in September, 2017..!

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.
Indian Mutual Fund industry adds 63,000 folios each day in September, 2017..! Reviewed by S. Chitra on October 18, 2017 Rating: 5 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 cr...

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