Sectoral and Thematic Mutual Funds Lead the Way in Folio Addition
Technology and Artificial Intelligence are transforming the Indian real estate sector, while sectoral and thematic mutual funds saw the highest folio addition in July.
Mutual FundsSectoral FundsThematic FundsAmfiIndian Real EstateReal EstateAug 11, 2024
The sectoral and thematic funds have added the highest number of folios, with a total addition of 22.88 lakh folios on a month-on-month basis from 2.24 crore in June to 2.47 crore in July. This category has been in focus due to the growing interest in technology and artificial intelligence, which is transforming the Indian real estate sector.
The small cap funds have also seen a significant addition of 6.66 lakh folios from 2.02 crore in June to 2.09 crore in July. The multi-cap funds have added 5.06 lakh folios on a month-on-month basis from 68.57 lakh in June to 73.64 lakh folios in July.
The large & mid cap funds have added 2.43 lakh folios on a monthly basis from 98.34 lakh folios in June to 1 crore in July. The largecap funds have added 2.28 lakh crore on a monthly basis from 1.41 crore in June to 1.41 crore in July.
The ELSS funds have added 92,056 folios on a monthly basis from 1.63 crore in June to 1.64 crore in July. The dividend yield funds have added 39,287 folios on a monthly basis from 9.52 lakh folios in June to 9.91 lakh folios in July.
The Association of Mutual Funds in India (AMFI) is the industry body for mutual funds in India. It was established in 1995 and has been instrumental in promoting the growth of the mutual fund industry in the country.
About AMFI
The Association of Mutual Funds in India (AMFI) is a non-profit organization that aims to promote the interests of mutual funds in India. It was established in 1995 and has been instrumental in promoting the growth of the mutual fund industry in the country.
Keywords mutual funds, sectoral funds, thematic funds, AMFI, Indian real estate
Frequently Asked Questions
What is the total number of folios added by equity mutual funds in July?
54.66 lakh
Which category of mutual funds saw the highest folio addition in July?
Sectoral and thematic funds
What is the total number of folios added by small cap funds in July?
6.66 lakh
What is the role of AMFI in the mutual fund industry?
AMFI is the industry body for mutual funds in India and aims to promote the interests of mutual funds in the country.
What is the impact of technology and artificial intelligence on the Indian real estate sector?
Technology and artificial intelligence are transforming the Indian real estate sector, leading to increased interest in sectoral and thematic funds.
Related News Articles
Navigating MMR Peripheral Real Estate: Red Flags to Watch Out For
The Mumbai Metropolitan Region (MMR) remains a popular destination for real estate investment, but buyers must be cautious of certain red flags in peripheral areas to avoid potential pitfalls.
Will Real Estate Sector Get Its Mojo Back?
The amendment to the Budget 2024 proposal on removal of indexation benefits on property sales has given relief to those who could be impacted by the retrospective taxation element.
Revolutionizing Real Estate Investments: Why Rexas Finance (RXS) is a Must-Have for 2024
Real estate tokenization is changing the game for investors, and Rexas Finance (RXS) is leading the charge. With its unique approach to fractional ownership, RXS is making it easier for people to invest in premium properties without breaking the bank.
The Rise of Ultra-Luxury Housing: What's Fueling the Upper-Class Boom?
The surge in ultra-luxury housing is a multifaceted phenomenon, driven by global wealth trends, technological advancements in property, and a growing demand for premium living experiences.
Bengaluru Sees 26% Rise in Office Rents Over 5 Years, Leading 7 Major Indian Cities
Bengaluru has witnessed a significant 26% increase in office rents over the past five years, surpassing all other major cities in India. This surge is driven by a combination of factors, including the city's robust IT sector, favorable business environmen
Ashutosh Gowariker Invites PM Modi for Son Konark's Lavish Mumbai Wedding
Konark Gowariker, son of acclaimed director Ashutosh Gowariker, is set to tie the knot with Niyati Kanakia in a grand ceremony in Mumbai. Ashutosh has extended a special invitation to Prime Minister Narendra Modi, adding a touch of national interest to th