News From Press MFs penetration still lags, leaves scope for expansion

MFs penetration still lags, leaves scope for expansion

Source: BL Jul 25, 2022

Notwithstanding the all-out effort by the market regulator SEBI and the industry, mutual fund penetration still remains low and opens up opportunity for fund houses to grow their base. Of the 43.34 crore individual PAN card holders, only 8 per cent or about 3.37 crore have invested in mutual fund schemes as of March-end.

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