AMFI latest data shows that the mutual fund industry has close to 2 crore unique investors.
The data has identified the number of unique investors by taking into account PANs/PEKRNs (PAN Exempted KYC Registration Number) of all unit holders or their guardians in case of minor unit holders.
As on September 2019, the MF industry has 1.95 crore unique investors with PAN and 4.72 lakh investors without PAN. In 2012, SEBI allowed investors to invest up to Rs 50,000 annually in a single mutual fund per year without a permanent account number (PAN).
AMFI data shows that the MF industry has 8.56 crore folio as on September 2019. This indicates that average MF investor holds close to 4 folios in mutual funds.
Also, the MF industry had 1.76 crore unique investors as on June 2018 indicating that the industry has added close to 24 lakh investors in just little over 1 year.
Industry experts feel the Mutual Funds Sahi Hai campaign, growing popularity of SIPs and ease of investment through digital technology have contributed to the industry’s growth story.
