Investors Put Rs 1.5 Lakh Crore in Mutual Fund Schemes in October

Business

oi-Sunil

By Sunil Fernandes

Published: Tuesday, November 11, 2014, 14:09 [IST]

NEW DELHI: Investors have pumped in around Rs 1.55 lakh crore into various mutual fund schemes in October, making it the fourth consecutive month of inflows.

As per the latest data available with the Securities and Exchange Board of India, investors put in a net of Rs 1.55 lakh crore in mutual fund schemes (MF) last month after pouring in a staggering Rs 30,517 crore in September.

Investors had poured in Rs 1 lakh crore and Rs 1.13 lakh crore, respectively, in MF schemes in mutual fund schemes (MF) last month after pouring in a staggering Rs 30,517 crore in September.Investors had poured in Rs 1 lakh crore and Rs 1.13 lakh crore, respectively, in MF schemes in August and July. Prior to that, there was an outflow of Rs 59,726 crore in June.

At gross level, MFs mobilised Rs 63.21 lakh crore in October, while there were redemptions worth Rs 61.67 lakh crore as well--resulting in a net inflow of Rs 1,54,958 crore.

According to market analysts, investors have put in most of the money in liquid or money market category.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.

Overall, during April-October period of current financial year, MF on a net basis have mobilised over Rs 4.5 lakh crore as compared to Rs 53,783 crore garnered in the entire 2013-14 fiscal.

PTI