MF industry adds 81 lakh investors in FY21, experts hope for growth in FY22
MF industry adds 81 lakh investors in FY21, experts hope for growth in FY22
Investors are increasingly acknowledging the importance of making investments in mutual funds for meeting financial goals both long term and short term.
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UPDATED: April 26, 2021 18:24 IST
The mutual fund space saw an addition of 1.13 crore investors account in 2018-19, 1.6 crore accounts in 2017-18, over 67 lakh folios in 2016-17 and 59 lakh in 2015-16. (Photo: Reuters/Representational image)
The mutual fund industry added more than 81 lakh investor accounts in 2020-21, taking the total tally to 9.78 crore, and experts hope that the healthy growth in folios would continue in the ongoing fiscal also.
The mutual fund industry added more than 81 lakh investor accounts in 2020-21, taking the total tally to 9.78 crore, and experts hope that the healthy growth in folios would continue in the ongoing fiscal also.
The industry had added 72.89 lakh investor accounts in 2019-20, according to data from the Association of Mutual Funds in India.
Investors are increasingly acknowledging the importance of making investments in mutual funds for meeting financial goals both long term and short term, Kaustubh Belapurkar, Director Manager Research, Morningstar India said. The awareness about investing in mutual funds has been on the rise over the last many years with the investor awareness programmes, ground work done by mutual funds, financial advisors and distributors in educating and shepherding investors through their investing journey, he added.
MF industry adds 81 lakh investors in FY21, experts hopeful of growth in FY22
Investors are increasingly acknowledging the importance of making investments in mutual funds for meeting financial goals both long term and short term, Kaustubh Belapurkar, Director Manager Research, Morningstar India said
According to the data, the number of folios with 43 fund houses rose to 9,78,65,529 at the end of March 2021 from 8,97,46,051 in March 2020
The mutual fund industry added more than 81 lakh investor accounts in 2020-21, taking the total tally to 9.78 crore, and experts hope that the healthy growth in folios would continue in the ongoing fiscal also.
The industry had added 72.89 lakh investor accounts in 2019-20, according to data from the Association of Mutual Funds in India.
MFs add 81 lakh investors account in FY21, experts hopeful of continued growth
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New Delhi:
The industry had added 72.89 lakh investor accounts in 2019-20, according to data from the Association of Mutual Funds in India.
Investors are increasingly acknowledging the importance of making investments in mutual funds for meeting financial goals both long term and short term, Kaustubh Belapurkar, Director Manager Research, Morningstar India said.
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