Mutual funds garner Rs.24,000 cr from investors in August
During fiscal 2013-14 so far, MFs net mobilization stood at Rs.69,252 cr as compared to Rs.1,53,781 cr a year ago
First Published: Wed, Oct 02 2013. 08 08 PM IST
At gross level, mutual funds mobilized Rs8.05 trillion in August, but also witnessed redemption worth Rs7.81 trillion—resulting into a net outflow of Rs23,713 crore. Photo: Mint
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New Delhi: Investors have put in nearly Rs.24,000
crore in various mutual funds (MFs) in August after pulling out money
from such schemes in the preceding two months. The huge inflows of funds
during August followed a net withdrawal of Rs.50,067 crore in the preceding month, taking the total outflows for two consecutive months to close to Rs.1 trillion.
As per the latest data available with market regulator
Securities and Exchange Board of India (Sebi), investors have pumped in a
net amount of Rs.23,713
crore in August in various MF schemes. This takes the MFs’ net
mobilization of funds from investors so far in the current fiscal
(April-August) at about Rs.69,252 crore.
Mutual fund is an investment vehicle that is made up of a
pool of funds collected from many investors for the purpose of
investing in securities such as stocks, bonds, money market instruments
and similar assets.
At gross level, mutual funds mobilized Rs.8.05 trillion in August, but also witnessed redemption worth Rs.7.81 trillion—resulting into a net outflow of Rs.23,713
crore. This significant level of fund mobilization has also helped the
total asset under management of mutual funds to grow to Rs.7.66 trillion as on 31 August 2013.
“During the financial year 2013-14 so far, mutual funds’ net mobilization stood at Rs.69,252 crore as compared to Rs.1,53,781 crore mobilized in corresponding period of 2012-13,” Sebi said.
Meanwhile, the benchmark BSE Sensex, plunged by 726 points, or 3.75%, during the period under review.
nagesh dubey
pgdm 1st
nagesh dubey
pgdm 1st
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