News From Press Mutual fund industry adds over 1 crore new folios in FY19

Mutual fund industry adds over 1 crore new folios in FY19

Source: Moneycontrol Apr 13, 2019

Growing investor interest in mutual funds has led to an addition of over 1.11 crore new folios in the financial year 2018-19, taking the total to an all-time high of 8.24 crore at the end of March 2019.

Although the additions were lower than the 1.6 crore investor accounts in FY18 fiscal, it was higher than 67 lakh folios added in FY17 and 59 lakh in FY16.

Click here to read more>>

Like what you are reading?

Login to get instant access to this article and many other such articles on business development, success stories and industry updates.

Don't worry ... it's FREE!

Have a query or a doubt?
Need a clarification or more information on an issue?
Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

Latest Articles

IPL 2024: 6 crucial financial lessons to learn

Hindu New Year 2024: Secure your future with 9 financial planning rules

SEBI releases framework for supervision of research analysts, investment advisers

Personal Finance: Can arbitrage funds continue their bull run?

Health Insurance Claim: 43% policyholders faced difficulties, some had to wait an extra day at hospital, survey

Insurers receptive to covering chronic ailments, declare PEDs honestly

Fractional ownership in real estate via SM REITs: 5 important features retail investors must know

Most foreign fund houses miss India growth train

Choose Aadhaar-based KYC: Once done, you may invest across fund houses

SEBI makes nomination optional for joint mutual fund portfolios

Click to clap

Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.

0 Comment

Be the first to comment.

More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.

POLL

MORE POLLS

AMCs can pay trail commission to the new distributor if investors initiate transfer of their assets. How will this impact you?

Help me get clients of other distributors who are underserved

Lead to poaching of clients

No significant effect on my business

EVENTS FORUMS