Investors pumped in more than Rs 37,000 crore in various mutual fund schemes in May taking the total funds mobilisation during the first two months of the current fiscal to Rs 1.44 lakh crore.
As per the latest data available with the Securities and Exchange Board of India (SEBI), there was a net inflow of Rs 37,435 crore during May against Rs 1.06 lakh crore in April.
Net inflow in April was the highest in a single month since April 2011, when investors had put in Rs 1.84 lakh crore.
With the latest inflow, the net mobilisation by investors in various mutual fund schemes during the current fiscal (April-May) reached Rs 1.44 lakh crore.
Mutual fund is an investment vehicle that is made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments and similar assets.
At the gross level, mutual funds mobilised Rs 7.03 lakh crore in May, while there was redemption worth Rs 6.65 lakh crore during the period. This resulted in a net inflow of Rs 37,435 crore.
Funds mobilisation has also helped the total assets under management of mutual funds to grow to Rs 8.68 lakh crore as on May 31, 2013.
“During the financial year 2013-14, mutual funds mobilised a net of Rs 1,44,009 crore (in the first two months) compared to a net of Rs 1,19,487 crore mobilised during the same period of 2012-13,” SEBI noted.
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