As of 30 September 2019, mutual funds (MFs) managed around Rs25 lakh crore of assets across more than 85.6 million investor accounts. An account, also known as a folio, is opened to invest in schemes offered by MFs; multiple accounts can be opened by an individual.
Retail and HNI (high net worth individuals) assets comprised over 57% of the total assets managed by MFs. An account...
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