Mutual funds add around 5L folios in August total tally reaches to

first_imgNew Delhi: The mutual fund industry has added around 5 lakh investors’ account in August, taking the total tally to 8.53 crore, amid volatile market conditions. In comparison, the industry had added 10.29 lakh new folios in July. Folios are numbers designated to individual investor accounts. An investor can have multiple folios. According to data from Association of Mutual Funds in India, the number of folios with 44 fund houses rose to 8,52,81,222 at the end of August, from 8,48,00,409 in the end of July, registering a gain of 4.81 lakh folios. The total folio count stood at 8.38 lakh in June, 8.32 lakh in May and 8.27 lakh in April.last_img