Amfi sees equity MFs touching Rs 10 tln in two years

The equity-linked assets portfolio of mutual funds is likely to jump to Rs 10 trillion in the next couple of years from the present Rs 6.4 trillion, a top Amfi official said.
The overall folio number of the industry is likely to increase to 10 crore in next two years' time, said the official of the Amfi or the Association of Mutual Funds of India that represents 43 fund houses.
"At present, the total equity AUM stands at Rs 6.4 trillion which is likely to go up to Rs 10 trillion over next two years," Amfi chairman and chief executive of Birla SunLife Mutual Fund A Balasubramanian told PTI.

The overall AUM of the found houses stands at around Rs 18 trillion and it is likely to cross Rs 20 trillion next fiscal, he said, adding the overall folio number is likely to nearly double to 10 crore in the next two years from the current 5.25 crore.
On systemic investment plans (SIPs), he said the industry may see the SIP folios growing to 2.3 crore over the next two years from 1.3 crore now. Currently the monthly flow in SIP alone is at Rs 4,200 crore.
The AUM of the fund industry soared 42 per cent year on year as of February this year to Rs 17.9 trillion from Rs 12.6 trillion, according to the data collated by the rating agency Icra.

For the 11th consecutive month in February, equity funds witnessed net flows of Rs 6,462 crore this year compared to Rs 4,880 crore in the preceding month.
Equity AUM rose 46.6 per cent year-on year to Rs 5.2 trillion in February this year. So far, total inflows into the category has been Rs 62,151 crore and the segment is poised to end the fiscal 2017 on a high note because of attractive valuations and investors looking for equity tax-saving options.