News From Press Mutual funds industry adds 81 lakh new investor accounts in Apr-May FY25

Mutual funds industry adds 81 lakh new investor accounts in Apr-May FY25

Source: ET Jun 17, 2024

The mutual fund industry has added over 81 lakh investors' accounts in the first two months of the current fiscal (FY25), mainly due to consistent marketing efforts, celebrity endorsements and dedicated work of the distribution network. Additionally, changing perceptions about fixed deposits, which no longer offer competitive returns compared to mutual funds, and the rise in income levels and accessibility to financial markets have also contributed to the rise in new investors.

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