MFs add 4 lakh folios in Oct., total tally at 9.37 cr.

The mutual fund industry has added over 4 lakh investor accounts in October, taking the total tally to 9.37 crore, primarily due to contribution from debt schemes. Data from the Association of Mutual Funds in India show the number of folios with 45 fund houses rose by 4.11 lakh to 9,37,18,991 at the end of last month from 9,33,07,480 at September-end. The sector added 7.37 lakh investors account in September, 4.25 lakh in August, 5.6 lakh in July, 5 lakh in June, 6.13 lakh in May and 6.82 lakh in April.

Of the total new folios last month, more than 2 lakh were added in debt funds.

Folios are numbers designated to individual investor accounts. An investor can have multiple folios.

The number of folios under equity and equity-linked saving schemes rose by 30,000 in October to 6.39 crore.

Debt schemes folios count went up by 2.23 lakh to 75.25 lakh. Barring, long duration, credit risk, all categories in debt funds witnessed growth in folios.

Short duration funds added Rs 41,690 folios in October, followed by corporate bond funds (₹ 33,935), liquid funds (28,839) and banking and PSU (public sector undertaking) funds (₹ 17,075).

Overall, investors infused Rs 98,576 crore in various mutual fund schemes last month, driven by robust inflows in debt-oriented schemes.

Debt-oriented schemes saw a net inflow of ₹ 1.1 lakh crore in October, after recording net outflows for two months in a row. The inflow was largely on the back of a significant investment in liquid, short-duration and money market categories.

On the other hand, the equity mutual funds saw an outflow for the fourth consecutive month to ₹ 2,725 crore in October, mainly on profit-booking by investors.

Disclaimer: This post has not been edited by our staff and is published from a syndicated feed. The Original Source of this post can be found at Source link


Please enter your comment!
Please enter your name here


Congress leader in Uttarakhand blames ‘BJP sleeper cells’ for differences in party

Amid infighting in the Congress unit in Uttarakhand over the leadership under which the party will fight 2022 assembly...

₹5.24 crore of Statue of Unity’s ticket sale siphoned off, FIR...

Police have registered a case against some employees of a cash collection agency for allegedly siphoning off ₹5.24 crore generated from the sale of...

Cannot work with the party, says TMC rebel Adhikari after talks

Rebel legislator Suvendu Adhikari on Wednesday informed the Trinamool Congress (TMC) leadership that it was impossible for him to work for the ruling party,...

More Articles