Chennai: Despite volatile market conditions, the mutual fund industry has added 18 lakh investor accounts in three months ended 30 June, taking the total tally to 9.15 crore.
Data from Association of Mutual Funds in India said the number of folios rose by 17.96 lakh to 9,15,42,092 at the end of June quarter from 8,97,46,051 at the end of March quarter. In comparison, the 45-player industry had added 26 lakh folios in March quarter.
Of the total folios, the number of investor accounts under the equity and equity-linked saving schemes rose by more than 10 lakh to 6.37 crore at June-end as compared to 6.27 crore at the end of March quarter.
The debt oriented schemes folio count went up by 3.24 lakh to 61.35 lakh in June quarter.
Within the debt category, liquid funds continued to top the chart in terms of number of folios at 19.74 lakh, followed by low duration fund at 9.52 lakh.
Overall, investors pumped in Rs 1.24 lakh crore into various mutual fund schemes in three months ended June 2020, with liquid and arbitrage segments contributing the most to the inflow. This follows an outflow of over Rs 94,200 crore in the preceding quarter.
During the quarter under review, Rs 1.1 lakh crore came from debt funds and Rs 11,730 crore from equity-oriented schemes.