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Mutual funds add 67 lakh folios on higher retail participation

Mutual funds add 67 lakh folios on higher retail participation

Sunday, April 2, 2017, 5:57 PM

Mutual fund houses have registered a surge of over 67 lakh investor accounts during the first 11 months of the just-ended financial year, taking the total tally to a record 5.4 crore on growing interest of retail investors. This has already topped 59 lakh folios additions made in 2015-16. In the last two years, investor accounts have increased following robust contribution from smaller towns.
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