The Association of Mutual Funds in India (AMFI) revealed that the number of unique mutual fund investors crossed 40 million in September 2023, signifying a significant milestone for the industry. Increased efforts in investor education, product simplification, and digitalization have fostered trust and driven growth.
DP Singh, Deputy Managing Director & Joint CEO of SBI Mutual Fund, acknowledged the collective contributions of the industry, regulators, and the government. AMFI CEO NS Venkatesh highlighted this achievement as a testament to Indian retail investors' active participation in equity markets through mutual funds. Additionally, the NSE reported a surge in direct investors in the stock market, reaching 80 million, with the latest 10 million additions in just eight months