News From Press Mutual Funds add 72L folios in 2020, experts say there's still immense potential

Mutual Funds add 72L folios in 2020, experts say there's still immense potential

As per Amfi data, folios with 45 fund houses rose to 9.43 crore at the end of Dec 2020 from 8.71 crore at the end of Dec 2019. The equity-linked saving schemes rose by 27 lakh to 6.52 crore, while debt-oriented scheme folios count rose by 15.84 lakh in 2020.

Mint Jan 25, 2021

Indian asset management companies added as many 72 lakh folios in 2020, a significant rise as against 2019 numbers when 68 lakh investors opened their folios over the year, Association of Mutual Funds in India (Amfi) data stated.

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