Over 0.9 million folios added in FY13

India Infoline News Service | Mumbai |

Over 0.68 million folios were added in the retail category, signifying the rising interest of retail investors towards debt mutual funds

Debt funds added nearly 0.9 million folios in FY13 as robust returns in most debt categories and falling interest rates prompted investors to flock to debt schemes.

About 0.89 million debt folios were added in FY13 over the year-ago period, data from industry body AMFI show. Over 0.68 million folios were added in the retail category, signifying the rising interest of retail investors towards debt mutual funds.

Overall, the debt assets under management (AUM) rose nearly 33% to Rs. 4.98 trillion in March 2013 against Rs. 3.74 trillion in March 2012.

Debt AUM as a percentage of overall MF AUM rose to about 71% in March 2013 from 64% in March 2012. The AUM under the retail category rose 32% to Rs. 304.81 billion at the end of FY13 from Rs. 230.55 billion at the end of the previous fiscal.
 
 

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