Mutual Funds garner Rs 37000 cr from investors in May - Business Today

Home /MARKETS /Mutual Funds /Story BT Online Bureau    New Delhi   Last Updated: July 8, 2013  | 15:58 IST Investors pumped in more than Rs 37,000 crore in various mutual fund (MF) schemes in May. 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. According to the data available with market regulator Securities and Exchange Board of India (Sebi), there was a net inflow of Rs 37,435 crore during May as against Rs 1.06 lakh crore infused in April. 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. "During the financial year 2013-14, mutual funds mobilised a net of Rs 1,44,009 crore (in the first two months) as compared to a net of Rs 1,19,487 crore mobilised during the same period of 2012-13," the Sebi noted. April saw the highest net inflow by investors in MF schemes in a single month, since April 2011 when investors had put in Rs 1.84 lakh crore. At gross level, mutual funds mobilised Rs 7.03 lakh crore in May while there was redemption worth Rs 6.65 lakh crore as well during the period. This resulted in a net inflow of Rs 37,435 crore. The fund mobilisation has also helped the total asset under management (AUM) of mutual funds to grow to Rs 8.68 lakh crore as on May 31, 2013. The BSE Sensex had surged 256 points, or 1.31 per cent, in May. In the entire 2012-13 financial year, mutual funds had garnered Rs 76,539 crore from investors while a net amount of over Rs 22,000 crore moved out of the mutual funds' kitty during the period. With inputs from PTI MF assets rise in Q1, equity outflow continues Leo Puri takes charge of UTI MF How fund managers balance returns with objectives Gold price below Rs 26K in futures trade JLR launches Jaguar F TYPE sports car Bharti Airtel repays over Rs 6,700-cr debt via Business - Google News http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFy_8hEfchchea1BS9Wqhr7n4C0BA&url=http://businesstoday.intoday.in/story/mutual-funds-garner-rs-37000-cr-from-investors-in-may/1/196530.html

Put the internet to work for you. via Personal Recipe 2910127