Equity mutual fund folio additions hit record 5.4 million in July

AMFI reported that equity mutual fund folios reached 5.4 million in July, boosted by new sectoral fund launches. Inflows of nearly Rs 10,000 crore, mostly from new fund offers, drove this increase. The total folio count reached 138 million, with sectoral funds representing 18% of the total. AMFI reported that equity mutual fund folios reached 5.4 million in July, boosted by new sectoral fund launches. Inflows of nearly Rs 10,000 crore, mostly from new fund offers, drove this increase. The total folio count reached 138 million, with sectoral funds representing 18% of the total.  Economic Times