Continuing the uptrend for the fourth consecutive quarter, retail equity mutual fund (MF) folios or investor accounts rose by a record 1.5 lakh to 3.28 crore in the second quarter of 2015-16 (July-September). The sharp increase has resulted in retail equity MF folio count jumping by nearly 20 lakh in the first half of 2015-16.
About 8.17 lakh equity MF folios were added in the preceding quarter. Investors remained buoyant on equity funds despite the volatility in the stock markets. Net inflows (higher purchase than sales) into equity schemes came at $3 billion or Rs.19,614 crore in July-September as investors lapped up more MF units in a falling market.
Retail MF folios rose by 15.11 lakh on an overall basis to 4.24 crore, data with the AMFI showed. Even on a half-yearly basis, the rise in retail folios during April-September is a record.The retail segment's share in total mutual fund AUM (assets under management) rose to 22% in July-September from 21% in the preceding quarter. Overall, folios rose by 16.66 lakh or 3.9% during the quarter. High net worth ndividuals (HNI), defined as in dividuals investing Rs 5 lakh or more, folios increased by 1.13 lakh to a record 16.33 lakh led by both equity (up 0.77 lakh folios) and debt (up 0.20 lakh folios) in July-September, AMFI data showed.