Mutual funds add 204,125 client folios in January

Published on Mon, Feb 22, 2010 at 13:43 |  Source : Reuters

Updated at Tue, Feb 23, 2010 at 14:27  

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Mutual funds add 204,125 client folios in January

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India's USD 165 billion mutual funds industry added 204,125 client folios in January, taking the total to over 48 million folios as investors returned to bet on equity funds, data from the Association of Mutual Funds in India showed.

Equity funds, which collected Rs 12.5 billion in January, recording their first net inflows after five months, added 166,663 client folios.

Bond funds added 38,874 folios while funds investing globally lost clients, the data showed.

  

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