Investors invested more mutual funds in the June quarter

The Mutual Fund Industry added 18 lakh investor accounts in the June quarter. In this way, despite the fluctuating market conditions, the total number of folios has increased to 9.15 crores. Grow co-founder Harsh Jain said that digital platforms have had a significant contribution to increasing the number of folios, especially during the lockdown. A folio is a number given to individual investor accounts. An investor can have many folios. According to data from the Association of Mutual Funds in India-AMFI, the number of folios increased by 17.96 lakh to 9,15,42,092 in the June quarter.

The large increase in the number of folios in April. By the end of the March quarter, the figure was 8,97,46,051. The expert said that the market fell drastically in March. This gave investors a good opportunity to invest in the stock markets. In such a situation, it is possible that many new investors have found this a good opportunity to invest in the stock markets through mutual funds (MF). this is indicated by the huge increase in the number of folios in April. Apart from this, the number of folios also increased in May and June.