Equity MF folios continue to rise as the market moves higher-The Total Investment & Insurance Solutions

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28Th July 2016

Equity Mutual Fund (The Total Investment & Insurance Solutions)

Retail investors continue to flock to equity mutual fund schemes. According to CRISIL Research, equity-oriented mutual funds constitute 76% of the total retail portfolio. As the Nifty went up by 7% over the past quarter, retail equity folios too, increased for the seventh quarter in a row. As many as 0.58 million equity-oriented mutual fund folios were added in the June quarter, taking the total tally of equity folios to a high of 35.4 million. Balanced schemes, with higher orientation towards equity, too continued to ride the equity wave. The category added 109 thousand retail folios in the June quarter to push the total to 2.45 million. The Total Investment & Insurance Solutions

High net-worth individuals (HNIs) added 105 thousand folios in the June quarter. AMFI identifies HNIs as those investing Rs5 lakh or more. HNIs preferred to invest mostly in equity, debt and balanced funds. Though equity funds dominated the segment with 49% share (9.31 lakh folios), debt fund folios have increased in the past four quarters. The debt category added 42,000 folios to stand at 0.73 million folios in the latest quarter against 26,000 folios added in the previous quarter. The equity category added as many as 36,000 HNI folios, while the balanced scheme category added 18,000 folios.

Just a little of over 53.20% of retail AUM stayed in equity mutual schemes for more than two years, albeit higher than 52.94% in the preceding quarter. Of the Rs2.45 lakh crore of retail investments in equity-oriented mutual fund schemes, Rs1.30 lakh crore was held for over 24 months. In comparison, about 26.48% of HNI AUM stayed invested in equity mutual funds for more than two years, higher than 23.96% in the previous quarter. The Total Investment & Insurance Solutions

The total number of mutual fund folios touched 4.89 crore as on 30 June 2016, as per data from the Association of Mutual Funds in India (AMFI). As many as 1.3 million folios were added in the June quarter, up 2.65% sequentially. Retail folios constitute as much as 95% of total mutual fund folios. In the June quarter, 114 thousand folios were added, as compared to 170 thousand folios in the March quarter. Retail folios touched a six-year high of 46 million.

Meanwhile, the liquid retail category added 0.19 million folios to touch a record high of 0.47 million. The debt category added 0.27 million retail folios in the latest quarter compared with 0.33 million added in the preceding quarter. Moving towards the 50 million milestone mutual funds added 12.61 lakh folios, up 2.65% sequentially, in the June quarter to take the tally to a record high of 4.89 crore, according to the data disclosed by the Association of Mutual Funds in India (AMFI). The Total Investment & Insurance Solutions

Corporates continued to dominate mutual fund assets under management (AUM) with 46% share in the June quarter against 47% in the March quarter. HNIs were the second biggest contributor with 28% share. The retail segment’s share was steady at 22%. The Total Investment & Insurance Solutions