Sustained buoyancy in the equity market and a surge in equity fund launches brought in nearly 10 million new investors to the mutual fund (MF) fold in the last 12 months, shows data from the Association of Mutual Funds in India (Amfi).
The pace of investor addition has more than doubled compared to the previous 12 months.
MFs had added only 4.4 million investors during October 2022-September 2023.
The total investor count stood at 50.1 million at the end of September 2024. The investor count had crossed the 40 million mark in September 2023.
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