1.6 lakhs new investors in mutual fund
Posted on: 13/May/2016 11:32:27 AM
1.6 lakhs new investors have invested in the Mutual Fund in the first month of the current financial year. In the past two years, investor accounts increased mainly due to vigorous contribution from smaller towns.
According to the Securities and Exchange Board of India , the number of equity folios jumped to 36,183,250 during the month of April. In the last financial year ( 2015-16) there were 43 lakhs new investors. During the year 2014-15 there were 25 lakhs new investors. Mutual funds have reported net inflows of Rs 4,438 crore in equity schemes in April. This was the highest in five months. During the month of April the SENSEX rose by 1.04 percent.
During the month of April 1.7 Lakhs investors have invested in the Mutual Funds.
