Investors pour Rs 1.13 trillion in MFs in July
14 Aug 2014 11:44 PM GMT
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, 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 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 of Rs 34.24 lakh crore as well. This significant level of funds mobilisation has also led to rise in the total assets under management that surged to Rs 10.06 lakh crore as on 31 July, from Rs 9.75 lakh crore in the last month.
As per the latest data available with the Securities and Exchange Board of India, 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 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 of Rs 34.24 lakh crore as well. This significant level of funds mobilisation has also led to rise in the total assets under management that surged to Rs 10.06 lakh crore as on 31 July, from Rs 9.75 lakh crore in the last month.
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