Despite the covid-19 pandemic, the consequent lockdown, a couple of market meltdowns and a sea change in regulations in the recent past, more than 50 lakh news investors have joined the industry since March 2018, nearly 30 months.
To put the number in context, the MF industry has a total of 2.13 crore unique investors at the end of September this year. So, the industry has added nearly 25% of its total investors in the last 30 months.
The data was shared by Kailash Kulkarni, CEO, L&T MF at the fund house's annual conference Winner's Circle.
Kailash added that the MF industry is likely to reach 4 crore unique investors very soon in the near-term.
Kailash attributed the popularity of mutual funds to its potential to generate return in the long-term. He shared that while the CAGR of BSE Sensex stood close to 14% over the last 15 years, the mutual funds has offered nearly 15.5% CAGR.
Kailash said that while the recent volatility has unnerved some investors, emphasis on long-term positive data would play a crucial role in instilling confidence among investors.
Please note that Kailash will be sharing insights on ‘Effective networking’ at the upcoming Cafemutual webinar Mindful Musings at 4 pm on November 20.
Click here to register for the Mindful Musings.