Mutual Fund folio count grows to 4.92 crore in FY17
Aug 22 2016
News Category: Industry Update
According to the data from Securities & Exchange Board of India, 15.74 lakh folios were added in the first four months of FY17, taking the total folio count to a record high of 4.92 crore. This follows an addition of 59.23 lakh folios in the FY16 and 21.92 lakh in FY15. The growing folio count can be attributed to the participation of retail investors.