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Folio institutional vs axa9/2/2023 ![]() ![]() “Many new investors have come through digital platforms. Passive fund was another category that brought in new folios to the industry, he added.ĭP Singh, ED & CMO (Domestic), SBI MF attributed the growth in folio count to ease of investment through digital channels. “Scheme categories like international funds, balanced advantage fund and bond ETFs have gained traction in the past one year leading to addition of new folios,” said Deepak.Īkhil Chaturvedi, Head of Sales & Distribution at Motilal Oswal MF said that many investors have started investing in international funds for the first time considering the growing US market. Overall, the industry has added 79.95 lakh new folios in FY 2021 as against 68 lakh folios in FY 2020.ĭeepak Jain, Head-Sales, Retail & Institutional at Edelweiss AMC said that many investors have started investing in new categories last year. Franklin Templeton MF, HDFC MF, L&T MF and Aditya Birla MF were among the fund houses that saw the highest decline in the number of folios last financial year. Meanwhile, 11 fund houses witnessed decline in folio count. In percentage terms, PPFAS MF and PGIM India MF have witnessed highest growth in folios with 255% and 199%, respectively among all fund houses. Mirae Asset MF and Canara Robeco MF ranked fourth and fifth in terms of addition of new folios with 8.26 lakh and 5.68 lakh folios, respectively. Axis MF, ICICI Prudential MF and Nippon India MF have added highest number of folios in the last one year, shows AMFI data.Īxis MF and ICICI Prudential MF have both added over 20 lakh folios new folios in FY 2021 while Nippon India MF saw an addition of close to 11 lakh folios.
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