News From Press Mutual fund folios doubled in 5 years at 17.79 lakh crore: ICRA Analytics

Mutual fund folios doubled in 5 years at 17.79 lakh crore: ICRA Analytics

Source: BS Apr 17, 2024

The total number of mutual fund folios have nearly doubled in the last five years and reached 17.79 lakh crore in March 2024, up from 8.97 lakh crore in March 2020. The reasons behind this were increasing awareness and a growing interest among retail investors for parking cash in equities and bonds through the mutual fund route, according to a release by ICRA Analytics.

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