MF industry adds 81 lakh investors in FY21, experts hope for growth in FY22

Investors are increasingly acknowledging the importance of making investments in mutual funds for meeting financial goals both long term and short term.

The mutual fund industry added more than 81 lakh investor accounts in 2020-21, taking the total tally to 9.78 crore, and experts hope that the healthy growth in folios would continue in the ongoing fiscal also. The industry had added 72.89 lakh investor accounts in 2019-20, according to data from the Association of Mutual Funds in India. Investors are increasingly acknowledging the importance of making investments in mutual funds for meeting financial goals both long term and short term, Kaustubh Belapurkar, Director Manager Research, Morningstar India said.