 "Mutual Funds lose 32 lakh new folios in FY13")
The number of folios, has fallen from 4.64 crore to 4.32 crore at the end of January, according to the latest bulletin from the Securities and Exchange Board of India (Sebi).
Equity schemes were the biggest losers, shedding 40.2 lakh folios. The total number of folios in equity funds fell from 3.76 crores to 3.36 crores. Balanced schemes, which invest in both equity as well as debt, followed close behind.
They lost 1.11 lakh folios to end at 26.07 lakh at the end of January. Fund of funds lost 34,000 folios to slip below the two lakh mark, ending January at 1.77 lakhs.
The only major exception to the losing trend was Income or debt oriented schemes, which gained 8.11 lakh folios and now have 60.61 lakh folios. Exchange traded funds also gained 1.09 lakh folios and now have 7.32 lakh investor accounts.
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