MF mobilisation up 121

However, of the total assets in the industry, the share of UTI was 69.26 per cent with assets of Rs 67,207 crore while private sector has assets of Rs 19,532 crore and the remaining Rs 10,289 crore with banks and FIs sponsored mutual funds.

Out of the total mobilisation of Rs 22,088 crore by private sector mutual funds, foreign funds nine raised the maximum amount of Rs 9,822 crorefollowed by Indian private funds having foreign joint ventures seven with Rs 8,019 crore and complete Indian funds six raised Rs 4,247 crore.

The total assets with the industry which stood at Rs 97,028 crore, of this Rs 56,827 crore was with open-ended funds, Rs 19,677 crore in close ended and Rs 20,524 crore in assured return scheme. Of the total assets with the mutual fund industry, Rs 45,073 crore was in income funds, Rs 21,625 crore in growth and Rs 23,330 crore in balanced funds.

Investors are now going for infotech funds in a big way. They have poured an estimated Rs 600 crore in the two technology funds of Kothari Pioneer and Alliance Mutual Fund in the last one month. Kothari Pioneer Information Technology Fund mopped up Rs 330 crore from over 40,000 applications between December 21 and January 12, with the fund paying a 1:1 bonus and a 60 per cent dividend.