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MFs pump in Rs. 1.6 trillion in Apr-Jan

In April 2013, mutual funds mobilised around Rs 1.08 trillion in various schemes

March 03, 2014 8:51 IST | India Infoline News Service
Investors invested over Rs 1.6 trillion in various mutual fund schemes in the first ten months of the ongoing financial year, according to SEBI data.

At a gross level, mutual funds invested Rs 81.4 trillion during the April-January period of 2013-14, while there were redemptions worth Rs 79.8 trillion. This resulted in a net inflow of Rs. 1.6 trillion, the data indicated.

Mutual funds reported net inflow of Rs. 1.6 trillion during the 2013-14 fiscal (April-January) as against over Rs. 760 billion in the preceding fiscal, the data added.

In April, mutual funds mobilised around Rs 1.08 trillion in various schemes. The significant level of fund mobilisation has also helped the total asset under management of mutual funds to grow to Rs 9.03 trillion at the end of January this year from Rs 8.25 trillion as on December 31, 2013.

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