SEBI: Mutual Fund folio count came in at 5.82 crore during the first quarter of FY18
Jul 24 2017
News Category: Industry Update
According to data from the Securities and Exchange Board of India, the total folio count rose to a record 5,82,30,384 at the end of first quarter of FY18, from 4,89,24,391 in the same period last fiscal, registering a growth of 93,05,993. The number of investor accounts stood at 5,53,99,631 at the end of March quarter of FY17. The growth in the folio count is driven by strong participation of retail investors.