Investors pumped in more than Rs 1.12 lakh crore in various mutual fund schemes in April, making it the highest amount in three years.
The funds mobilisation in April came after a net outflow of Rs 1.09 lakh crore in the preceding month.
According to industry experts, it is expected to increase further in the coming months.
Capital markets regulator Sebi recently cleared the first long-term policy for the sector, proposing a number of tax benefits and measures for the growth of MF business. The policy is aimed at channelising household savings into equities and mutual funds.
As per the latest data available with Sebi, there was a net inflow of Rs 1,12,433 crore in April 2014. 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.
Mutual funds pool together money from many investors and invest it on their behalf in accordance with a stated set of objectives.
At a gross level, mutual funds mobilised over Rs 8.33 lakh crore in April, while there were redemptions worth Rs 7.20 lakh crore during the month – net inflow of Rs 1,12,433 crore.
This significant level of fund mobilisation has also helped the total assets under management of MFs to grow to Rs 9.45 lakh crore as on April 30, 2014.
During the entire financial year 2013-14, MFs had garnered nearly Rs 54,000 crore from investors as against over Rs 76,539 crore in the preceding fiscal.
Modi Takes A Swipe At Mulayam On Cleaning Of Assi Ghats
Decision On Portfolio Allocation Soon: Madhav
Fiscal Deficit Target Of 4.1% Achievable:economic Survey 2015
Mufti, Modi Meet Ends, 13 Pdp And 12 Bjp Mlas To Join J&k Cabinet (updated Bite)
Vintage Design: The Montblanc Fountain Pen
The Holiday Professionals - A Chef In Portugal