Investors pour in Rs 1 lakh crore in mutual fund schemes in July
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.business Updated: Aug 13, 2014 16:27 IST
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.