Around 10mn equity MF schemes closed in last 30 months

India Infoline News Service | Mumbai |

Over 9.96 million equity folios have been closed so far since March 2009, the SEBI data said

Around 10 million folios of equity mutual fund schemes have closed in the last four-and-a-half years, according to the SEBI (Securities and Exchange Board of India) data.

Over 9.96 million equity folios have been closed so far since March 2009, the SEBI data added.

However, the actual number of mutual fund holders closing the schemes would be much lower than the number of folios due to duplication of around 25% of folios.

Equity folios, as a percentage of the total number of folios, have declined to 75.4% at the end of September 2013 from 86.2% at the end of March 2008.
 

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