Mutual funds industry adds 81 lakh new investor accounts in April-May FY25
Sun, Jun 16, 2024 2:03 PM

Mutual funds industry adds 81 lakh new investor accounts in April-May FY25

A Flip by Avya Verma
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The mutual fund industry has added over 81 lakh investors' accounts in the first two months of the current fiscal (FY25), mainly due to consistent marketing efforts, celebrity endorsements and dedicated work of the distribution network. Additionally, changing perceptions about fixed deposits, which no longer offer competitive returns compared to mutual funds, and the rise to financial markets.

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