MFs folios decline 0.6% to 2.4 lakh in May

India Infoline News Service | Mumbai |

The MF industry has lost around 3.5 lakh folios in equity funds in April-May 2014 though the segment reported net inflow of Rs. 24.52 billion

The mutual fund industrys assets under management crossed the Rs. 10 trillion mark in May, but there was a decline in MF folios in May.
Total folios of the mutual fund industry fell by 2.4 lakh or 0.61% to 3.89 crore in May from 3.92 crore in April.
Investors invested a net of Rs 1.5 trillion in various mutual fund schemes in May as against Rs 1.09 trillion in April.
The industry has lost around 3.5 lakh folios in equity funds in April-May 2014 though the segment reported net inflow of Rs. 24.52 billion. The equity folio count decreased to Rs. 2.92 crore in May 2014 from 2.95 crore in April 2014.
Liquid folios stood at 3.16 lakh in May as against 3.05 lakh in April 2014. Folios of debt funds rose to 67 lakh in May from 65 lakh April, while balanced funds decreased to 17.88 lakh from 17.96 lakh.
During the period under review, gold ETFs also reported a decline of 6163 folios. Folios in gold ETFs stood at 4.94 lakh in May as against 5.01 lakh in April.
At the gross level, mutual funds garnered over Rs 17.06 trillion in May, while redemptions stood at Rs 15.6 trillion during the month.
The net inflows in May climbed to Rs 1.46 trillion, the highest level in a single month since April 2011, when investors had pumped in Rs 1.84 trillion, as per Sebi data.
Total assets under the management of mutual funds have grown to a record Rs 10.11 trillion as of May 31.
In 2013-14, mutual funds had garnered almost Rs 540 billion from investors against Rs. 765 billion in the preceding financial year.




 

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