Advertisement

HindustanTimes Fri,19 Sep 2014

Investors pour in Rs. 1 lakh crore in mutual fund schemes in July

PTI  New Delhi , August 13, 2014
First Published: 16:22 IST(13/8/2014) | Last Updated: 16:27 IST(13/8/2014)
Investors pumped in over Rs. 1 lakh crore in various mutual fund schemes in July after pulling out around Rs. 60,000 crore in the preceding month.
    
As per the latest data available with the Securities and Exchange Board of India (Sebi), there was a net inflow of Rs. 1,13,216 crore in July as against a net outflow of Rs. 59,726 crore in the previous month.
    
In May, investors had pumped in Rs. 33,661 crore in various mutual fund (MF) schemes, while in April they had put in Rs. 1.12 lakh crore in several such products.
    
At gross level, MFs mobilised Rs. 35.37 lakh crore in July, while there were redemptions worth Rs. 34.24 lakh crore as well. This resulted in a net inflow of Rs. 1.13 lakh crore.
    
This significant level of funds mobilisation has also led to increase in the total assets under management of MFs that surged to Rs. 10.06 lakh crore as on July 31, from Rs. 9.75 lakh crore in the previous month.
    
MF is an investment vehicle that pools funds from many investors for investing in securities such as stocks, bonds, money market instruments and similar assets.
    
The strong inflow in MF schemes coincided with a gain in BSE's benchmark Sensex by two per cent last month.
    
Overall, during the current financial year so far, MF on a net basis have mobilised around Rs. 2 lakh crore as compared to Rs. 53,783 crore garnered in the entire 2013-14 fiscal.

Advertisement
more from Business

Infosys partners Huawei; extends pact with Microsoft, Hitachi

India's second largest software services firm Infosys on Thursday said it has partnered China's Huawei Technologies to offer enterprise cloud, big data and communication solutions.
markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved