15 lakh new folios added in sectoral/thematic mutual funds in May

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Around 15 lakh new folios have been added in the sectoral/thematic mutual fund category in May on a month-on-month basis, an analysis of monthly data released by AMFI showed. There were around 1.90 crore folios in April which have been increased to 2.05 crore in May. The total folios in the equity mutual funds increased by around 33.94 lakh on a month-on-month basis. There were around 12.55 lakh crore folios in the equity mutual funds in April which was increased to 12.89 lakh crore in May.
The small cap category added 4.29 lakh shares in May. The category had around 1.94 crore folios in April which have increased to 1.98 crore in May.

Mid-cap category saw an addition of 4.09 lakh folios from 1.43 crore folios in April to 1.47 crore in May. Flexi cap funds saw an addition of 2.39 lakh folios in May. The flexi cap category now has 1.47 crore folios as on May 31, 2024.

Around 2.29 lakh folios were added in the multi cap category taking the total number of folios to 65.13 lakh in May. The large & mid cap fund category and value/contra fund category added 1.82 lakh and 1.80 lakh folios respectively in May.

The large cap fund category added 1.29 lakh folios in May. The category had around 1.38 crore folios in April which have now increased to 1.39 crore in May.The ELSS or tax-saving funds added 79,131 folios in May on a month-on-basis. The category had around 1.62 crore folios in April which has now increased to 1.63 crore folios in May.The dividend yield funds added around 23,659 folios taking the total to 9.25 lakh folios as on May 31, 2024.

The only exception was the focused fund category. The category saw a decline of 10,473 folios on a month-on-month basis. The category had 50.87 lakh folios in April which declined to 50.77 lakh folios in May.

In terms of maximum number of folios, sectoral/thematic funds had the maximum number of folios of around 2.05 lakh crore. The dividend yield fund had the lowest number of folios of around 9.25 lakh.

Equity mutual funds contribute 70% to the total number of mutual fund folios in the open-ended schemes of around 18.54 lakh

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