Surging ahead: Mutual fund investor count rose 20% in 2022, shows data

The mutual fund (MF) industry onboarded over 6 million new investors in 2022 - a 20 per cent growth - although 33 per cent lower than the additions made in 2021.

The net folio addition also declined 19 per cent, compared with the previous year, reveals data from the Association of Mutual Funds in India.

The investor count is the total number of permanent account numbers registered with fund houses; folios are the number of active investment accounts for various schemes.

The equity market remained range-bound last year as foreign investors pulled out record sums from the Indian market. While