Investors pumped in
over Rs. 1 lakh crore in various mutual fund (MF) schemes in July, 2014 after
pulling out about 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, 2014 against a net outflow of
Rs. 59,726 crore in the previous June month.
In May, investors had
pumped in Rs. 33,661 crore in various mutual fund schemes, while in April they
had poured 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 like
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, MFs on a net basis have mobilised about Rs. 2
lakh crore compared with Rs. 53,783 crore garnered in the entire 2013 -14
fiscal.
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