Mutual funds pump over Rs 33,000 cr in Indian debt
markets
02/02/2015 00:49
Mutual funds have pumped over Rs 33,000 crore in debt markets in January on hopes that fixed income securities will continue to benefit from improvement in economic prospects and the government's reform initiatives, said the media report. Besides, mutual funds (MFs) invested a net amount of Rs 270 crore in equity markets last month. Industry experts attributed the inflows during the month in debt to the new government's intent on introducing economic reforms and improved fundamentals of the domestic economy. Besides, easing inflation and narrowing current account deficit were factors that drove investments. As per data released by the capital markets regulator the Securities and Exchange Board of India (Sebi), mutual funds invested a net sum of Rs 33,572 crore in the debt markets in January. Mutual fund is an investment vehicle with a pool of funds collected from investors to buy securities such as stocks, bonds, money market instruments and similar assets. This inflow has helped the mutual fund industry to cross Rs 11 lakh crore mark in assets under management (AUM) at the end of the year.
02/02/2015 00:49
Mutual funds have pumped over Rs 33,000 crore in debt markets in January on hopes that fixed income securities will continue to benefit from improvement in economic prospects and the government's reform initiatives, said the media report. Besides, mutual funds (MFs) invested a net amount of Rs 270 crore in equity markets last month. Industry experts attributed the inflows during the month in debt to the new government's intent on introducing economic reforms and improved fundamentals of the domestic economy. Besides, easing inflation and narrowing current account deficit were factors that drove investments. As per data released by the capital markets regulator the Securities and Exchange Board of India (Sebi), mutual funds invested a net sum of Rs 33,572 crore in the debt markets in January. Mutual fund is an investment vehicle with a pool of funds collected from investors to buy securities such as stocks, bonds, money market instruments and similar assets. This inflow has helped the mutual fund industry to cross Rs 11 lakh crore mark in assets under management (AUM) at the end of the year.
