Investors pour in Rs 1 lakh cr in mutual fund schemes in July

Tags: Mutual Funds
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 (MF) 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 worth Rs 34.24 lakh crore as well. This resulted in a net inflow of Rs 1.13 lakh crore.

This significant level of funds mobilisation has also led to increase in the total assets under management of MFs that surged to Rs 10.06 lakh crore as on July 31, from Rs 9.75 lakh crore in the previous month.

MF is an investment vehicle that pools funds from many investors for investing in securities such as stocks, bonds, money market instruments and similar assets.

The strong inflow in MF schemes coincided with a gain in BSE's benchmark Sensex by two per cent last month.

Overall, during the current financial year so far, MF on a net basis have mobilised around Rs 2 lakh crore as compared to Rs 53,783 crore garnered in the entire 2013-14 fiscal.

EDITORIAL OF THE DAY

  • Finance minister has been pragmatic in exempting FIIs from MAT claims

    Good sense has finally prevailed in the government, with finance minister Arun Jaitley announcing the income-tax officials will exempt overseas funds

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Amita Sharma

Examining times for learning

The central advisory board of education in its meeting on ...

Zehra Naqvi

If you bend, you won’t break

There’s an ancient exercise about a green, supple new branch ...

Gautam Gupta

Bring on the Benares brigade

It was in 2003 when I first started work and ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture