How many mutual fund folios are there in India?

History

A folio is an account an investor holds with a fund house. The count adds every folio in every scheme, so one person with several schemes holds several folios. It is not a count of investors.

The figures side by side

How we got this number

1. Take the 'Total' line of AMFI's monthly folio count table for September 2026: 28,62,31,680 folios, against 28,35,19,085 in August.
2. Cross-check with AMFI's scheme-wise industry data as on September 30, 2026, whose Grand Total row shows the same 28,62,31,680 folios across 1,995 schemes.
3. Put it next to the earlier months in the same table: 27,53,11,360 in April, 27,65,67,797 in May, 27,85,99,182 in June and 28,08,65,000 in July 2026.

What this number does not tell you

• A folio is not a person. One investor can hold many folios, so 28.62 crore folios does not mean 28.62 crore investors.
• Equity funds hold 19,09,90,944 of the folios, which is 66.7% of the total; the rest sit in debt, hybrid, index fund, ETF and other schemes.
• The monthly note is AMFI's, prepared with Crisil Intelligence; the same total appears in AMFI's own scheme-wise data file.

Sources

1. AMFI Monthly Note, September 2026, as on 30/9/2026The MF industry added 27.13 lakh folios, taking the total count to 28.62 crore, up 0.9% from 28.35 crore in August. Equity funds remained the largest contributors, accounting for 66.7% of the total folios, with 17.70 lakh additions during the month.
2. AMFI Monthly Note, September 2026 (monthly folio count table), as on 30/9/2026 — columns: Sep-26, Aug-26, Jul-26, Jun-26, May-26, Apr-26Monthly folio count. Category Sep-26 Aug-26 Jul-26 Jun-26 May-26 Apr-26. Equity 19,09,90,944 18,92,21,242 18,72,92,722 18,58,61,357 18,49,15,510 18,41,37,599. Total 28,62,31,680 28,35,19,085 28,08,65,000 27,85,99,182 27,65,67,797 27,53,11,360
3. AMFI, scheme-wise data for September 2026, as on September 30, 2026No. of Folios as on September 30, 2026. Grand Total 1,995 28,62,31,680 15,25,156.49 16,58,532.05 -1,33,375.57 82,64,116.63 87,09,182.16

Questions people ask

How many mutual fund folios were there in September 2026?

28,62,31,680, or 28.62 crore, as of 30 September 2026 (AMFI).

Is a folio the same as an investor?

No. A folio is an account with a fund house, and one investor can hold several. The 28.62 crore count is folios, not people.

How fast is the folio count growing?

AMFI shows 27,53,11,360 folios in April 2026 and 28,62,31,680 in September 2026. In September alone the industry added 27.13 lakh.

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This figure is from AMFI's own release or a report quoting it. We recheck it monthly. If you have a newer or better source, send it to us.