Since April, SEBI has started disclosing folios of individual debt and equity categories such as overnight funds, long duration funds, low duration funds, corporate bond funds, multi-cap funds, small-cap, and large-cap schemes, among others.
The mutual fund industry has started FY20 on a positive note adding 2.80 lakh folios in April, taking the cumulative total to 8.27 crore, according to data from the Securities and Exchange Board of India (SEBI). Folios are numbers designated to individual investor accounts, though one investor can have multiple accounts.
In comparison, the total in the month of March stood at 8.25 crore.
Since April this year, SEBI started disclosing folios of individual debt and equity categories such as overnight funds, long duration funds, low duration funds, corporate bond funds, multi-cap funds, small-cap, and large-cap schemes among others.
SEBI had disclosed consolidated folio numbers under equity, balanced, ELSS, liquid, income and gilt categories, earlier.
As per the latest data with SEBI, among equity schemes, investor accounts of equity-linked savings schemes, known as ELSS funds, were the highest at 1.15 crore, accounting for nearly 14 percent of the total mutual fund industry folios.
ELSS schemes were followed by multi-cap funds with 87.18 lakh investor accounts, constituting 10.5 percent of industry’s total folios. ELSS and multi-cap categories together constitute nearly 25 percent of 8.27 crore.
The large-cap category that has average assets under management of Rs 1.26 lakh crore had folio count of 81.79 lakh.
On the debt front, the highest number of folios were noted in liquid funds. This category had 14.51 lakh folios, accounting for 1.8 percent of all total industry folios.
Low duration funds and ultra-short duration fund followed on the list. Investor accounts in low duration funds stood at 9.22 lakh, while that of ultra-short duration funds were 5.91 lakh folios.
The total folios in the debt category stood at 51.76 lakhs.