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  • News From Press Mutual fund folio numbers hit record high of 8 crore

    Mutual fund folio numbers hit record high of 8 crore

    Source: Livemint Nov 27, 2018

    Growing investors’ interest in mutual fund has led to an addition of nearly 77 lakh new folios in the first seven months of the current fiscal, taking the total to an all-time high of around 8 crore at the end of October. This follows an addition of 1.6 crore accounts in 2017-18 fiscal, over 67 lakh folios in 2016-17 and 59 lakh in 2015-16.

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    1 Comment
    Prashant · 5 years ago `
    I am really surprised that distributors who are the only reason for the success of this product is never mentioned in your articles ever. Regulator I understand is doing these things to benefit manufacturers by increasing their profits but you also not recognising us is something I am saddened with. At least you should write that this is due to an efforts of distributors or MFDs this has been possible. It is time you think about us and not only yourselves because without us you were nothing and you will also be nothing.
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