MFs pump in funds worth Rs 1.5 trillion in May

India Infoline News Service | Mumbai |

The net inflows in May climbed to Rs 1.46 trillion, the highest level in a single month since April 2011

Investors invested a net of Rs 1.5 trillion in various mutual fund schemes in May as against Rs 1.09 trillion in April.
At the gross level, mutual funds garnered over Rs 17.06 trillion in May, while redemptions stood at Rs 15.6 trillion during the month.
The net inflows in May climbed to Rs 1.46 trillion, the highest level in a single month since April 2011, when investors had pumped in Rs 1.84 trillion, as per Sebi data.
Total assets under the management of mutual funds have grown to a record Rs 10.11 trillion as of May 31.
In 2013-14, mutual funds had garnered almost Rs 540 billion from investors against Rs. 765 billion in the preceding financial year.
 

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