MFs garner Rs 1.6 lakh cr from investors in Apr-Jan: Media Report

MFs garner Rs 1.6 lakh cr from investors in Apr-Jan: Media Report
Investors have injected more than Rs 1.6 lakh crore in various mutual fund schemes in the first ten months of the current financial year, almost double to what it was infused in entire 2012-13 fiscal, reported PTI.

As per the latest data available with Sebi, there was a net inflow of Rs 1,59,631 crore during the 2013-14 fiscal (April-January) as against over Rs 76,000 crore in the preceding fiscal, said the media report.

Prior to that, a net amount of more than Rs 22,000 crore and over Rs 49,000 crore moved out of the mutual funds' kitty during 2011-12 and 2010-11, respectively.

According to industry experts, fund mobilisation in mutual fund schemes is expected to further grow as regulator Sebi has recently cleared its first ever long-term policy for the industry, proposing a number of tax benefits and measures for growth of this business.

Moreover, the policy is aimed at channelising household savings into equities and mutual funds, said the experts.

Dion Global Solutions Ltd.

Story first published: Friday, February 28, 2014, 8:50 [IST]
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