Equity mutual funds witnessed an addition of nearly 20 lakh investor accounts or folios in the first seven months of the ongoing fiscal, primarily on account of strong retail participation.
This follows an addition of over 43 lakh folios in the entire 2015-16 and 25 lakh folios in 2014-15. In the last two years, investor accounts increased mainly due to robust contribution from smaller towns.
Folios are numbers designated to individual investor accounts, though on ..