SEBI witness addition of 15.65 lakh folios in Dec 2017
Jan 08 2018
News Category: Industry Update
According to data from the Securities and Exchange Board of India (SEBI), the mutual fund industry saw addition of 15.65 lakh folios to reach 6.65 crore folios in Dec 2017. Out of the total folio additions in Nov, 14.46 lakh folios were in equity funds (excluding ELSS) taking the total number of equity fund folios to 4.93 crore. The increase in equity fund folios can be attributed to upbeat market sentiment and increased awareness of mutual funds as an investment tool. The Exchange Traded Fund (ETF) category (excluding gold ETF) witnessed a decline of 11.89% in folios to 7.62 lakh folios in Dec. Balanced funds saw folio addition of 2.00 lakh folios in Dec.