MFs pour Rs 1.5 trillion in May, highest in 3 yrs

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On the back of improved market sentiments, investors have injected a net of Rs 1.5 trillion in various mutual fund schemes in May, the highest amount in more than three years, reported PTI.

According to the media report, Investors had poured in Rs 1.09 lakh crore in April.

According to industry experts, the inflow is attributed to the steps by the Securities & Exchange Board of India, the capital market regulator, to make the mutual fund sector more attractive.

Further, at the gross level mutual funds mobilised over Rs 17.06 lakh crore in May, while redemptions amounted to Rs 15.6 lakh crore during the month.

According to the Sebi data, the net inflows in May climbed to Rs 1,46,095 crore, the highest level in a single month since April 2011, when investors had put in Rs 1.84 lakh crore.

Story first published: Monday, June 9, 2014, 12:40 [IST]
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