The mutual fund industry witnessed over 4 lakh additional investor accounts opening in October, taking the tally to 9.37 crore accounts.
According to Association of Mutual Funds in India (AMFI), the number of investor folios rose by 4.11 lakh to 9,37,18,991 comprising of 45 fund houses.
The mutual fund industry had added 7.37 lakh investors account in September, 4.25 lakh in August, 5.6 lakh in July respectively.
In October, Debt-oriented schemes witnessed a net inflow of Rs 1.1 lakh crore, after recording outflows for two consecutive months.
On the other hand, the equity related funds saw a net outflow to Rs 2,725 crore in the previous month.