Millennium Post

MFs garner over Rs70,000 cr from investors in FY13

New Delhi: Investors have put in more than Rs 76,000 crore in various mutual funds in 2012-13 after pulling out money money from such schemes in the preceding two years.
Market participants believes that buoyant stock market and a slew of reform measures taken by the government as well as regulator Sebi (Securities and Exchange Board of India) have helped the investors to mobilise funds in mutual fund industry.
As per the latest data available with Sebi, there was a net inflow of Rs 76,539 crore during the 2012-13 fiscal as against a net outflow of over Rs 22,000 in the preceding fiscal.
Besides, a net amount of more than Rs 49,000 crore moved out of the mutual funds' kitty during 2010-11. PTI
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