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

  • PTI, New Delhi
  • 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.

From Around the Web
Sponsored by Revcontent

also read

‘Drop in credit due to past mistakes of banks’
Show comments

Steps to disable Ad Blocker on your browser


In order to serve content on our website, we rely on advertising revenue which helps us to ensure that we continue to serve high quality unbiased journalism. From our end, we will aim to show clean and unobtrusive ads to provide you with a great browsing experience.

Request to please follow the steps below and once done, please refresh your page.


For Chrome and Ad BlockPlus users

1.Press the ‘ABP’ icon in your toolbar at top right of this page

2. Click on ‘Enabled on this site’; this should now change to ‘Disabled on this site’


chrome



For Chrome and Ad Block users

1.Press the ‘AdBlock’ icon in your toolbar

2.Select the option ‘Don’t run on pages on this domain’ and then click ‘exclude’ on the pop up


chrome

Steps to disable Ad Blocker on your browser


In order to serve content on our website, we rely on advertising revenue which helps us to ensure that we continue to serve high quality unbiased journalism. From our end, we will aim to show clean and unobtrusive ads to provide you with a great browsing experience.

Request to please follow the steps below and once done, please refresh your page.


For Mozilla and AdBlock Plus (ABP) users

1.Press the ‘ABP’ icon in your toolbar

2.Select the option ‘Disable on hindustantimes.com’


chrome

Steps to disable Ad Blocker on your browser


In order to serve content on our website, we rely on advertising revenue which helps us to ensure that we continue to serve high quality unbiased journalism. From our end, we will aim to show clean and unobtrusive ads to provide you with a great browsing experience.

Request to please follow the steps below and once done, please refresh your page.


For Internet Explorer and AdBlock Plus users

1.Press the ‘AdBlock Plus’ icon in your status bar at the bottom of the screen

2.Select the option ‘Disable on hindustantimes.com’


chrome

Steps to disable Ad Blocker on your browser


In order to serve content on our website, we rely on advertising revenue which helps us to ensure that we continue to serve high quality unbiased journalism. From our end, we will aim to show clean and unobtrusive ads to provide you with a great browsing experience.

Request to please follow the steps below and once done, please refresh your page.


For Safari and AdBlock users

1.Press the ‘AdBlock’ icon in your toolbar

2.Select the option ‘Don't run pages on this domain’ and then click 'exclude'


chrome