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Mutual fund folios jump to record 7 crore

Mutual fund folios jump to record 7 crore

Tuesday, May 1, 2018, 10:54 AM

Driven by strong participation from retail investors, mutual fund (MF) houses have registered an addition of 1.6 crore investor accounts in 2017-18, taking the total tally to over seven crores. This follows an addition of over 67 lakh folios in 2016-17 and 59 lakh in 2015-16. Folios are numbers designated to individual investor accounts, though an investor can have multiple accounts.
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