The domestic mutual fund (MF) industry has seen a sharp surge in investor folios in the equity and passive investing categories. Meanwhile, the number of folios have shrunk on the debt MF side amid weak returns.
The total folios (number of accounts) for the equity-oriented schemes has increased 30 per cent to 84 million from around 65 million a year ago, shows data provided by industry body Association of Mutual Funds in India (Amfi) at the end of February.
