 "Mutual Fund retail folios see record high: Crisil")
Retail folios in mutual funds continued their uptrend and saw inflows of record 1.51 million folios in the September quarter, taking it to 42.4 million, revealed a CRISIL report.
The report also stated it was the equity folios that led the growth, 1.15 million were added in the quarter gone by as compared to 0.82 million in the previous quarter. Another interesting aspect that the report threw up was that retail investors stayed with equity schemes for two consecutive years and 56.38 per cent of retail assets under management (AUM) was in equity mutual funds.
“Tenure-wise analysis of AUM across investor types and categories showed that 56.38 per cent of retail AUM stayed in equity mutual funds for more than two years, lower than 57.80% in the preceding quarter. Of Rs 2.12 lakh crore of retail investments in equity-oriented mutual funds, Rs 1.20 lakh crore was held for over 24 months,” said the report.
