New Delhi: Driven by equity folios, mutual fund houses saw a surge of more than 12.5 lakh investor accounts in April-June of the current fiscal, taking the total tally to 4.9 crore.
This is on top of an addition of 59 lakh folios in 2015-16 and 22 lakh in 2014-15. In the last two years, investor accounts increased mainly due to robust contribution from smaller towns.
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