News From Press 45 million and counting: The unique rise of mutual fund investor

45 million and counting: The unique rise of mutual fund investor

Source: BS May 13, 2024

The unique mutual fund (MF) investor count topped 45 million in April with the addition of 600,000 investors.

The MF investor count, which stood at around 38 million in April 2023, has surged by 19 per cent in the past year, according to data from the Association of Mutual Funds in India.

MF investor additions saw a spike in 2023–24 (FY24) vis-à-vis 2022–23 (FY23) owing to a turnaround in equity market performance.

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