NEW DELHI, Dec 24: Investors have pumped in a massive Rs 1.3 lakh crore into various mutual fund schemes in the first eight months of current fiscal (2014-15), mainly on account of strong inflows in equity and money market categories.
As per the latest data available with Securities and Exchange Board of India, investors put in a net Rs 1.3 lakh crore in mutual fund schemes (MF) during April-November period of 2014.
This is in comparison to Rs 1,50,675 crore net inflow witnessed in the April-November 2013.
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.
According to market analysts, investors have put in most of the money in equity and ‘liquid’ or money market category.
“This inflow in mutual fund schemes is fuelled by gain in equity market, supported by stable government and positive global environment,” JP Morgan AMC Managing Director and CEO Nandkumar Surti said.
“It has been across asset classes, but investors’ participation in equity oriented funds is a positive thing for the industry,” Quantum AMC CEO Jimmy Patel said.
The robust inflow has helped mutual funds asset base to reach nearly Rs 11 lakh crore at the end of November 2014 from Rs 7 lakh crore in March-end. (PTI)
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