This comes at a time even as broader market witnessed heavy volatility amid concerns over the impact of coronavirus pandemic. Industry experts said the addition of folios suggests investors' understanding of the market risks associated in the mutual fund schemes.
Number of folios under the equity and equity-linked saving schemes rose by 685,000 to 61.8 million in February-end as compared to 6.13 crore at the end of the preceding month. Notably, investment in equity mutual funds rose to an 11-month high of Rs 10,730 crore in February.
However, the number of folio count in debt oriented schemes dropped by 600,000 to 6.188 million at February-end from 6.788 million at January-end.
Within the debt category, liquid funds continued to top the chart in terms of number of folios at nearly 1.8 million, followed by low duration fund at 991,000.
Overall, mutual fund schemes witnessed an outflow ofRs 1,985 crorelast month across all segments, mainly owing to withdrawal from liquid or money market segments. The outflow has pulled down the asset base of the mutual fund sector to Rs 27.23 trillion at February-end fromRs 27.86 trillion at the end of January.
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