MFs folio count climbs 70 lakh in 2016 to record 5.3 cr

In the last two years, investor accounts increased on account of robust contributions from smaller towns. Folios are numbers designated to individual investor accounts though one investor can have multiple ones.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney IThe Winning Leap Tech Control
Moneycontrol

Home » News » Mutual Funds » MF News

Jan 11, 2017, 01.56 PM | Source: PTI

MFs folio count climbs 70 lakh in 2016 to record 5.3 cr

In the last two years, investor accounts increased on account of robust contributions from smaller towns. Folios are numbers designated to individual investor accounts though one investor can have multiple ones.

Like this story, share it with millions of investors on M3

MFs folio count climbs 70 lakh in 2016 to record 5.3 cr

In the last two years, investor accounts increased on account of robust contributions from smaller towns. Folios are numbers designated to individual investor accounts though one investor can have multiple ones.

Post Your Comments

Share Cancel

| 1 Comments
MFs folio count climbs 70 lakh in 2016 to record 5.3 cr
Driven by strong participation from retail investors, mutual fund (MF) houses have registered an addition of nearly 70 lakh investor accounts in 2016 taking the total tally to nearly 5.3 crore.

This follows addition of 56 lakh folios in 2015 and more than 22 lakh in 2014.

In the last two years, investor accounts increased on account of robust contributions from smaller towns. Folios are numbers designated to individual investor accounts though one investor can have multiple ones.

According to the data from Securities and Exchange Board of India (Sebi) on total investor accounts with 43 active fund houses, the number of folios rose to a record 52,820,155 at the end of last month, from 45,853,274 in December-end 2014, a gain of 69.67 lakh.

Retail participation, which continued its momentum from 2015, has shown remarkable resilience to market volatility last year too. Besides, huge inflows in equity schemes have contributed to the upside, as per market experts.

Retail investor accounts -- defined by folios in equity, equity-linked saving schemes (ELSS) and balanced categories -- grew by 52 lakh to more than 4.22 crore.

Overall, mutual funds have seen an infusion of Rs 2.86 lakh crore, while equity and ELSS alone attracted an impressive inflow of around Rs 51,000 crore.

A mutual fund pools the assets of its investors and invests the money on behalf of them. It provides diverse investment instruments like stocks and bonds without requiring investors to make separate purchases and trades.

Q The first non-UTI mutual fund was started by:
Buy, Hold, Sell ? Hear it first on M3
MFs folio count climbs 70 lakh in 2016 to record 5.3 cr

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login