Indian Mutual funds add 68 lakh folios in 2019



Indian Mutual funds add 68 lakh folios in 2019

Mutual funds folios added

2019 : 68 lakh

Total as on December 2019 8.7 crore

The number of folios with 44 fund houses rose to 8.71 crore at the end of December 2019 from 8.03 crore at the end of December 2018, registering a gain of 68 lakh folios.
In comparison, over 1.38 crore investor accounts were added in 2018, more than 1.36 crore in 2017, nearly 70 lakh in 2016 and close to 56 lakh in 2015, data available with markets regulator SEBI showed.

The number of folios under equity and equity-linked saving schemes rose by 12.75 lakh to 6.25 crore at the end of December 2019, which is much lower than 1.2 crore added in the preceding year.

Debt-oriented scheme folios count dropped by 43 lakh to 71 lakh. The number of investors' account stood at 1.13 crore.

Assets under management (AUM) of the industry rose by over 13 per cent (Rs 3.15 lakh crore) to Rs 26.77 lakh crore at the end of December, up from Rs 23.62 lakh crore at the end of December 2018 on the back of measures taken by regulator Sebi for boosting investor confidence.
Going ahead, the industry is expected to witness growth in the range of 17-18 per cent in this year and equity funds should see robust inflows as expectations are high about improved equity markets and a revival in economic growth, experts noted.

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