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A Balasubramanian News

MFs lose 1.6 mn equity folios
Indian retail investors have again given a thumbs-down to the mutual fund sector. About 1.6 million equity folios were closed in 2011-12, thanks to the volatile stock markets and deep erosion in values of benchmark indices. The year saw a continuous decline in industry’s equity investors base, worsening in the last few months. February alone saw a a massive loss of a little over half a million