Mutual Funds attract Rs 1.55 lakh cr investment in Oct
11/11/2014 15:26
The investors remained positive bias towards Indian markets as they have continued to inject money in various mutual fund schemes andhas registered fourth consecutive month of inflows in October. As per the latest data available with the Securities and Exchange Board of India, investors put in a net of Rs 1.55 lakh crore in mutual fund schemes (MF) last month after pouring in a staggering Rs 30,517 crore in September. Investors had poured in Rs 1 lakh crore and Rs 1.13 lakh crore, respectively, in MF schemes in August and July. Prior to that, there was an outflow of Rs 59,726 crore in June. At gross level, MFs mobilised Rs 63.21 lakh crore in October, while there were redemptions worth Rs 61.67 lakh crore as well--resulting in a net inflow of Rs 1,54,958 crore, said the media report. Overall, during April-October period of current financial year, MF on a net basis have mobilised over Rs 4.5 lakh crore as compared to Rs 53,783 crore garnered in the entire 2013-14 fiscal, added the media report. Currently, there are more than 1,800 mutual fund schemes including 1,252 from debt category and 339 in equity segment.
11/11/2014 15:26
The investors remained positive bias towards Indian markets as they have continued to inject money in various mutual fund schemes andhas registered fourth consecutive month of inflows in October. As per the latest data available with the Securities and Exchange Board of India, investors put in a net of Rs 1.55 lakh crore in mutual fund schemes (MF) last month after pouring in a staggering Rs 30,517 crore in September. Investors had poured in Rs 1 lakh crore and Rs 1.13 lakh crore, respectively, in MF schemes in August and July. Prior to that, there was an outflow of Rs 59,726 crore in June. At gross level, MFs mobilised Rs 63.21 lakh crore in October, while there were redemptions worth Rs 61.67 lakh crore as well--resulting in a net inflow of Rs 1,54,958 crore, said the media report. Overall, during April-October period of current financial year, MF on a net basis have mobilised over Rs 4.5 lakh crore as compared to Rs 53,783 crore garnered in the entire 2013-14 fiscal, added the media report. Currently, there are more than 1,800 mutual fund schemes including 1,252 from debt category and 339 in equity segment.
