 "mutual fundsThe Nifty rose 7.5 per cent in June, even as domestic MFs sold shares worth nearly Rs 4,000 crore")
The mutual fund industry added over 560,000 investor accounts in July, taking the total tally to 92 million, primarily on account of contribution from debt schemes.
In comparison, the industry had added 500,000 new folios in June.
According to data from Association of Mutual Funds in India, the number of folios with 45 fund houses rose to 9,21,05,737 at the end of last month, from 9,15,42,092 at June-end, registering a gain of 563,000 folios.
Of the total new folios last month, more than 400,000 were added in debt funds.
Market experts say that the addition of folios suggests that investors were undeterred by the
