MF folios hit record 5.82 cr at June end on high retail push

NEW DELHI: Showing a growing traction for mutual funds among investors, the number of folios has grown by over 93 lakh to an all time high of 5.82 crore at the end of June 2017, from the year-ago level, driven by strong participation from retail investors. According to data from the Securities and Exchange Board of India (Sebi) on total investor accounts with 42 active fund houses, the number of folios rose to a record 5,82,30,384 at the end of last month, from 4,89,24,391 in June end 2016, a gain of 93.06 lakh.