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.
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