Mumbai, September 12 (IANS). The total number of mutual fund folio rose to a record high of 24.89 crore in August, showing an increase of 1.3 percent from July last month.
The growth rate has been slow compared to the first five months of FY 25, when the number of folios rose by about 14 percent to 16.99 crore to 19.4 crores.
These figures do not represent individual investors, as an investor can keep several folio in various schemes.
According to the August data of the Association of Mutual Funds in India (AMFI), the largest share in equity schemes was 17.32 crore folios.
Analysts said the increase in folio number was slow due to decrease in New Fund Offer (NFO) activity, vigilant perception of investors and folio consolidation. 23 schemes were launched in August, in which Rs 2,859 crore was raised from investors.
According to the data, the number of Unit Permanent Account Number (PAN) holders investing in mutual funds has doubled from 2.1 crore in March 2020 to 4.5 crore in March 2024, leading to a significant increase in investors’ participation.
In addition, the increase in the number of folios from April to August in FY 26 slowed down to 5 percent, which was 13.8 percent in the same period of FY 25.
The number of debt scheme followeds increased to 76 lakhs in August, which increased from 70 lakhs in April to overcome a slight decline in the same period last year.
The number of folios in the hybrid scheme increased to 1.68 crores in May, which is slightly higher than the last year to 1.58 crores in April.
Other categories including ETF, Index Fund and Passive Fund were 4.46 crore in August, which is a great increase in April 4.19 crore in April and 3.47 crores in August 2024.
Equity-oriented Mutual Fund recorded a net investment of Rs 33,430 crore in August, with which the process of positive investment continued for 54 months.
The investment in SIP in August was Rs 28,265 crore, which is slightly less than Rs 28,464 crore in July.
-IANS
SKT/
