Mutual funds' equity investor base at record high

It took nearly 8 yrs to surpass previous high of 41.13 mn equity folios, touched in March 2009

The number of investors in the country's Rs 19-lakh crore mutual fund (MF) sector has climbed to an all-time high.

At the end of last month, the number of equity MF folios was 42.17 million; total folio count was 57.19 mn. Both are a record. It took the sector nearly eight years to surpass the previous high of 41.13 mn equity folios, touched in March 2009. The previous best count for total folios was 48.17 mn in March 2010.

After the global financial crisis, the equity investor base had shrunk by nearly 30 per cent, to 29.18 mn. In the past three