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Improved by strong participation from retail investors, the number of mutual fund folios grew by an incredible 1.37 crore in 2017 to an all-time high of 6.65 crore.”We are seeing additions in folio numbers generally on the back of brand-new folios included to the equity and balanced categories,” said Harsha Upadhyaya, primary financial investment officer at Kotak Mutual Fund.”Overall, shared funds have seen an infusion of Rs 2 lakh crore, while equity and ELSS alone attracted a remarkable inflow of over Rs 1.5 lakh crore.

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