Mutual funds lose nearly 5 per cent of retail folios in six months
Mutual funds lost nearly 5 per cent or over 21 lakh retail folios over the past six months ended March 2013 as per the data released by the Association of Mutual Funds in India.
A separate FundSource report out yesterday, showed that the retail managed funds industry had contracted in terms of total funds under management in the year to December, losing 5.7% to sit at $19.7 billion.