MFs pour in Rs 30K crore in share markets during Apr-Jul

India Infoline News Service | Mumbai | August 17, 2017 15:43 IST

Mutual fund managers poured in over Rs 30,000 crore in the share markets during the period of April-July of FY-2018 on the back of strong participation from retail investors.

Mutual Funds
Mutual fund managers poured in over Rs 30,000 crore in the share markets during the period of April-July of FY-2018 on the back of strong participation from retail investors. In comparison, foreign portfolio investors (FPIs) pumped in funds worth of Rs 21,000 crore during the period under review.
 
Mutual fund managers invested a net sum of Rs 30,264 crore in April-July period of the current financial year, as per data released by the Securities and Exchange Board of India (SEBI).
 
Month-wise, fund managers invested a net sum of Rs 11,244 crore in stock markets in April, Rs 9,358 crore in May, Rs 9,106 crore in June and Rs 11,800 crore in July. The inflow is in line with BSE's benchmark index, Sensex rising around 10% during the first four months of the current financial year.
 
As per the present condition, the mutual fund industry is managing an asset base of about Rs 20 lakh crore mark.  Going ahead, fund houses are upbeat over the industry's performance for the entire current fiscal, while expecting investment from new investors to fuel growth of the sector.
 
A mutual fund pools in assets of its investors and invests the money on their behalf. It offers diverse investment instruments like stocks and bonds without requiring investors to make separate purchases and trades.

Disclaimer: The contents herein is specifically prepared by ‘Dalal Street Investment Journal’, and is for your information & personal consumption only. India Infoline Limited or Dalal Street Investment Journal do not guarantee the accuracy, correctness, completeness or reliability of information contained herein and shall not be held responsible.

 

Advertisements

  • Save upto Rs.2.67 lakh with Pradhan Mantri Awas Yojana ...Know more
  • Now Save Rs.3150 on your Demat Account ...Click here
  • Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.