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.
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