70 lakh mutual funds investor accounts added in first 5 months of FY23

Data from the Association of Mutual Funds in India showed that asset management companies added 70 lakh investor accounts in the first five months of FY 2022-23. The increase was attributed to an increase in digital access and growing awareness about mutual funds. According to the data, 43 fund houses reported a total folio tally of 13.65 crore in August'22.