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The Union Finance Minister Nirmala Sitharaman today while talking about the growth of the MF industry said that, “On an average, 17.88 lakh new folios have been added every month in the last 5 years since 2019.”
Sitharaman acknowledged the growth of number of unique investors in the mutual fund industry from 1 crore in 2014 to 4 crore in 2024.
The FM also commented on the evolution of Indian retail investors who have now moved away from traditional investment options like FD and post office and are now diversifying their portfolios for maximum returns by investing in mutual funds and real estate.
The FM was addressing the Rajya Sabha on the latest finance bill.
Nilesh Shah, MD, Kotak MF also expressed joy at the appreciation of the mutual fund industry by the finance minister.
Sandeep Bagla, CEO, Trust MF attributed the growth of the mutual fund industry to AMFI’s awareness campaign and ease of investment. He said, “It's becoming increasingly easier to invest in MF through online routes. Also, 'Mutual Fund Sahi Hai' campaign has worked very well to increase investor awareness. In my view, we are going through a mega trend where there is a remarkable shift from traditional savings avenues to financial investments.”
