Individual Investors' Asset Base Up 32%
Most of the money was pumped in equity oriented schemes, which was supported by a sharp rally in stock markets.
The growth in assets base is in line with the BSE's benchmark Sensex surging by 23 per cent in the first nine months of the current financial year.
Moreover, there are about 4.03 crore investor accounts, or folios, of which 99 per cent is accounted by individual investors.
Folios are numbers designated to individual investor accounts though one investor can have multiple folios.
Of 4.03 crore folios, retail investors accounted for 3.86 crore folios, followed by HNI accounts and institutional investors.
Assets managed by the Indian mutual fund industry have grown from Rs 9.02 lakh crore in March last year to
11.34 lakh crore in December 2014.
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