News From Press Mutual Fund folios nearly double in last five years, driven by retail investors

Mutual Fund folios nearly double in last five years, driven by retail investors

Source: The Hindu Businessline Apr 18, 2024

Mutual fund folios nearly doubled in the last five years at 17.79 lakh crore in March 2024, up from 8.97 lakh crore in March 2020, ICRA Analytics said in its report. It noted that retail investors account for a large share of the total folios.

According to the quarterly data on folio and ticket size available on the Association of Mutual Funds in India (AMFI) website, retail investors accounted for nearly 91.3 per cent of the 16.49 folios in the mutual fund industry on December 2023 at 15.06 lakh crore. HNIs account for around 8 per cent at 1.33 lakh crore while institutional investors account for less than 1 per cent at 0.11 lakh crore folios.

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