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Year-ender 2024: Mutual funds add 5.13 crore folios this year, sectoral & thematic funds lead

The open-ended mutual funds have added around 5.13 crore folios in 2024 taking the total folio count at 22.02 crore in November against 16.89 crore in January. According to the monthly data released by Association of Mutual Funds in India (AMFI), around 174 open-ended schemes were added in 2024 to the total number of schemes at 1,552 in November from 1,378 schemes in January.

Equity Mutual Funds

Equity mutual funds added the highest number of folios of around 3.76 crore in 2024. The folio count as on November 30 was recorded at 15.41 crore from 11.64 crore in January. Around 54 new schemes have been added during the current calendar year with total equity schemes to 481 in November.Also Read | Year-ender 2024: Sectoral, thematic mutual funds fetch highest inflows. Should you focus on them in 2025?

Among the 11 equity mutual fund categories, sectoral and thematic funds have added the maximum folios of around 1.28 crore in 2024 to total folio count at 2.89 crore in November against 1.61 crore in January. Around 40 new sectoral and thematic schemes have been launched in the current calendar year.

The next categories in the list were mid cap and small cap funds. Mid cap and small cap funds added 56.40 lakh and 56.24 lakh folios respectively in the mentioned period.

Dividend yield funds added 3.20 lakh folios in 2024, followed by focused funds which added the lowest number of folios of around 54,217 in the mentioned period.

Other Schemes

Other schemes, which includes index funds, gold ETFs, other ETFs, and fund of funds investing overseas funds, added 1.17 crore folios in 2024 taking the total number of folio count to 3.82 crore in November from 2.64 crore in January. Around 106 new schemes were added in this category.

The index funds added 55.22 lakh folios in November with total folio count at 1.22 crore in November. Other ETFs added 51.67 lakh folios in 2024, followed by gold ETFs which added 12.80 lakh folios in the same period. Fund of funds investing overseas saw a decline in folios by 1.77 lakh in the same period.


Also Read | Top 6 flexi cap mutual funds to invest in December 2024

Hybrid Mutual Funds

Hybrid Mutual Funds added 19.42 lakh folios in 2024. The total number folios as on November 2024 stood at 1.50 crore against 1.31 crore in January. Around 11 new schemes were launched in this category.

Among six hybrid categories, multi asset allocation funds added 9.46 lakh folios in 2024 with a total folio count of 27.68 lakh. Dynamic asset allocation/balanced advantage funds added 5.09 lakh folios in 2024, followed by aggressive hybrid funds which added 3.17 lakh folios in the same period.


Arbitrage funds and equity savings funds added 85,864 and 70,801 folios respectively in the current calendar year. Conservative hybrid funds added 11,575 folios in the said period.

Solution Oriented Mutual Funds

Solution oriented mutual funds added 1.87 lakh folios in 2024 with the total folio count of 60.07 lakh folios in November against 58.19 lakh folios in January. Among the two categories, retirement funds added 1.26 lakh folios in 2024, followed by children’s funds which added 61,364 folios in the same time period.


Also Read |
Year-ender 2024: Mutual funds raise over Rs 1 lakh crore via 205 NFOs; sectoral and index funds top contributors

Debt Mutual Funds

Debt mutual funds saw a decline in the number of folios by 3.11 lakh in the calendar year 2024. The total number of folios in debt mutual funds were recorded at 68.56 lakh in November against 71.68 lakh in January. During the same period, only one new scheme was introduced.

Among the 16 debt mutual fund categories, overnight funds saw the highest decline in folios by 2.40 lakh in 2024 with total folio count at 6.19 lakh in November against 8.60 lakh in January.


Low duration funds and corporate bond funds saw a decline in number of folios by 60,516 and 38,558 respectively in the same period. The money market funds and gilt funds with 10 year constant duration saw a decline by 3,818 and 2,751 in the number of folios in 2024.

Liquid funds added the highest number of folios of around 69,051 folios in 2024, followed by long duration funds which added 35,206 folios in the mentioned period. Gilt funds added 28,836 folios in the said period. Ultra Short Duration Fund added 10,548 folios in 2024.

Dynamic Bond Fund and Medium to long duration funds added 3,123 and 1,124 folios respectively in the same time period.

We considered all mutual fund categories. We compared the data as of January 2024 and November 2024.

Note, the above exercise is not a recommendation. The exercise was done to find which mutual fund category added how many folios in the calendar year 2024. One should not make investment or redemption decisions based on the above exercise. One should always consider risk appetite, investment horizon, and goals before making any investment decisions.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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