BackInvestors put in Rs1 trillion in mutual fund schemes in August
As per Sebi data, investors put in Rs1 trillion in mutual fund in August, after pouring Rs1.13 trillion in July
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New Delhi: Investors have pumped in over ₹ 1 trillion in various mutual fund schemes in August, making it the second consecutive monthly inflow.
As per the latest data available with the Securities and Exchange Board of India (Sebi), investors have put in ₹ 1 trillion in mutual fund schemes (MF) last month after pouring in a staggering ₹ 1.13 trillion in July.
Prior to that, there was an outflow of ₹ 59,726 crore in June.
At gross level, MFs mobilised ₹ 43.67 trillion in August, while there were redemptions worth ₹ 42.67 trillion as well.
This resulted in a net inflow of over ₹ 1 trillion.
This significant level of funds mobilisation has also led to increase in the total assets under management of MFs that surged to ₹ 10.12 trillion as on 31 August, from ₹ 10.06 trillion in the previous month.
According to market analysts, investors have put in most of the money in equity mutual fund and equity-linked savings schemes.
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.
The strong inflow in MF schemes coincided with a gain in BSE’s benchmark Sensex by around 3% last month.
Overall, during the current financial year so far (April-August), MF on a net basis have mobilised around ₹ 3 trillion compared with ₹ 53,783 crore garnered in the entire 2013-14 fiscal.
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