Mutual fund equity folios addition hits 10-year record high of 49.3 million

The growth rate of equity accounts has hit a 10-year high in the current financial year, with nearly 31,000 equity folios being opened a day till December.

This is the fourth consecutive year when growth has been reported in folio numbers after a continuous five-year decline since the post-2008 global financial crisis till FY14.

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

Currently, at a record high of 49.3 million equity folios, the Rs 22-trillion mutual fund industry is growing its equity investors’ base at a pace last seen during 2007-08.

The current fiscal also witnessed the