Equity mutual funds witnessed an addition of over 39 lakh investor accounts or folios in the first eleven months of the current fiscal, primarily on account of robust contribution from smaller towns.
This follows an addition of 25 lakh folios for the entire last fiscal, 2014-15.
Folios are numbers designated for individual investor accounts, though one investor can have multiple accounts.
Growing participation from retail investors, especially from small towns, huge inflows in equity schemes and several measures taken by Sebi has led to sharp increase in folios, Sebi Chairman U K Sinha had said earlier this month.
According to the Securities and Exchange Board of India (Sebi) data on investor accounts with 43 fund houses, the number of equity folios jumped to 35,618,610 last month from 31,691,619 in March 2015, a gain of 39.27 lakh.
April last year saw the first rise in more than four years.
