Investment in MF schemes falls 23% to `54,000 crore
11 July 2014 3:10 AM IST
Investors pumped in nearly Rs 54,000 crore in various mutual fund schemes in 2013-14, 23 per cent lower than the amount infused by them in the preceding fiscal, the Economic Survey on Wednesday said. ‘During 2013-14, mutual funds mobilised Rs 53,782 crore from the markets as compared to Rs 76,539 crore in the preceding fiscal, a drop of 23 per cent,’ said the Survey, tabled by Finance Minister Arun Jaitley in Parliament.
Prior to that, a net amount of over Rs 22,000 crore and over Rs 49,000 crore moved out of the mutual funds' kitty during 2011-12 and 2010-11, respectively. Mutual funds pool together money from many investors and invest it on their behalf, in accordance with a stated set of objectives.
Of the total net investment made in the past fiscal, a huge part of inflows in the mutual fund schemes came during April 2013 and January 2014. In April last year, MFs mobilised around Rs 1.08 lakh crore in various schemes. This was the highest net inflow by investors in such schemes in a single month since April 2011, when investors had put in a whopping Rs 1.84 lakh crore.
Prior to that, a net amount of over Rs 22,000 crore and over Rs 49,000 crore moved out of the mutual funds' kitty during 2011-12 and 2010-11, respectively. Mutual funds pool together money from many investors and invest it on their behalf, in accordance with a stated set of objectives.
Of the total net investment made in the past fiscal, a huge part of inflows in the mutual fund schemes came during April 2013 and January 2014. In April last year, MFs mobilised around Rs 1.08 lakh crore in various schemes. This was the highest net inflow by investors in such schemes in a single month since April 2011, when investors had put in a whopping Rs 1.84 lakh crore.
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