MF folios decline 4.5% to 2 million in six months: AMFI

India Infoline News Service | Mumbai |

MFs have around 43 million retail folios at the end of March 2013

The number of retail folios in mutual fund schemes declined around 4.5% to 2 million in the past six months, according to Association of Mutual Funds in India (AMFI) data.

MFs have around 43 million retail folios at the end of March 2013, the data added.

Folios in equity-oriented schemes decreased 6.7% to over 2.4 million folios to around 33.2 million at the end of March, AMFI data showed.

The decline in retail folios was due to steep fall recorded in the equity category, which was impacted by the volatility in the capital market.

The benchmark CNX Nifty declined 3.8% and 0.4% respectively in the three months and six months period till March 2013.

 

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