Mutual funds invest Rs 23k cr in debt in Sept
07/10/2014 17:14
Mutual funds have injected in a whopping over Rs 23,000 crore in the bond market in September, taking the total investment to close to Rs 5 lakh crore since the beginning of the year, said the media report.
In comparison, foreign investors made a net inflow of a staggering nearly 1.19 lakh crore so far in 2014.
As per the latest data compiled by market regulator Sebi, the net investment by mutual funds (MFs)in the debt market during September stood at Rs 23,416 crore.
This takes the total investment by MFs into the bond market to Rs 4,89,467 crore so far this year. In 2013, mutual funds had invested a net of Rs 5.12 lakh crore in the bond market.
Industry experts attributed the inflows in debt to the new government's reforms agenda, improved fundamentals of the Indian economy and high interest rates, added the media report.
Mutual funds collect money from investors and buy stocks, including IPOs (primary market) and bonds.
Moreover, MFs picked up shares to the tune of around Rs 4,200 crore in the equity market last month, making it the fifth consecutive monthly inflow.
07/10/2014 17:14
Mutual funds have injected in a whopping over Rs 23,000 crore in the bond market in September, taking the total investment to close to Rs 5 lakh crore since the beginning of the year, said the media report.
In comparison, foreign investors made a net inflow of a staggering nearly 1.19 lakh crore so far in 2014.
As per the latest data compiled by market regulator Sebi, the net investment by mutual funds (MFs)in the debt market during September stood at Rs 23,416 crore.
This takes the total investment by MFs into the bond market to Rs 4,89,467 crore so far this year. In 2013, mutual funds had invested a net of Rs 5.12 lakh crore in the bond market.
Industry experts attributed the inflows in debt to the new government's reforms agenda, improved fundamentals of the Indian economy and high interest rates, added the media report.
Mutual funds collect money from investors and buy stocks, including IPOs (primary market) and bonds.
Moreover, MFs picked up shares to the tune of around Rs 4,200 crore in the equity market last month, making it the fifth consecutive monthly inflow.
