According to data, the number of folios with 44 fund houses rose to 9,04,28,589 at the end of April, from 8,97,46,051 in the end of March, registering a gain of 6,82,538 folios NEW DELHI : The mutual fund industry has added nearly seven lakh investor accounts in April, taking the total folio tally to 9.04 crore, amid volatility in broader markets.
This is 71st consecutive month witnessing a rise in the numbers of folios, according to data from the Association of Mutual Funds in India.
Folios are numbers designated to individual investor accounts. An investor can have multiple folios. According to data, the number of folios with 44 fund houses rose to 9,04,28,589 at the end of April, from 8,97,46,051 in the end of March, registering a gain