India's mutual fund sector has seen an addition of nearly 2.5 million new permanent account numbers (PAN) so far this financial year (April-November). This means 2.5 million new individual investors have come to mutual funds in the first eight months of FY16.
This is an achievement for the mutual fund players, that have been struggling to make their products readily acceptable by new investors. Due to the continuous investor awareness programmes across the country and engagement of fund managers with investors and distributors, amid poor show by physical assets such as real estate and gold, mutual funds are finding place in investor's portfolios.
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