Equity Folios

If interest rates continue at their current trajectory, the appetite will go down, impacting the consumption and the markets, co-founder of Zerodha and True Beacon said

Currently, the pace of equity folio addition has risen nearly five-fold compared to 2014-15

India's mutual fund sector is witnessing a new wave of equity participation. So far during this financial year (April-July), industry has added nearly 3 million equity folios, at an average of 750,000 a month.This is the highest pace of account additions since the 2007-08. During 2007-08--just ahead of the financial crisis--the industry added an average million equity accounts a month. If the current pace of account additions in the equity segment continues unabated, the current financial year may end up adding nine million equity folios - taking the overall equity accounts to a massive 50 million.The steep rise in account additions comes at a time when Indian share indices have been hovering at historical highs. In the previous financial year 2016-17, when the sector had added 4.8 million equity accounts.Ever since the Narendra Modi-led government took charge in 2014, there has been a continuous rise in equity investors' base. Against below 30 million in March, 2014, it currently ...