News > MFs add over 3 cr folios in FY 2022 on sharp rally in equity market, digitisation

MFs add over 3 cr folios in FY 2022 on sharp rally in equity market, digitisation

Increasing awareness about mutual funds, ease of transactions through digitisation and a sharp surge in equity markets have aided asset management companies to add a staggering 3.17 crore investor accounts in 2021-22.

The ongoing financial year too appears to be promising in terms of folios as an increase in investor accounts will enable people to move beyond fixed deposits and savings accounts.