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Monday, January 11, 2016

MF investors pump in Rs 1.62 lakh cr in Apr-Dec FY'16

Investors have pumped in a whopping Rs 1.62 lakh crore into various mutual fund schemes in the first 9 months of the current fiscal, mainly in equity and money market categories.

In contrast, inflows worth Rs 87,942 crore were witnessed in the April-December period of last fiscal.

"Inflow has been across asset classes, but investors' participation in equity oriented funds is a positive thing for the industry," Quantum AMC CEO Jimmy Patel said.

Further, volatile markets have not dampened the spirits of investors who continue to pour money into equity funds, he added.

Mutual Fund (MF) is an investment vehicle that pools funds from many entities for investing in securities such as stocks, bonds, money market instruments and similar assets.

As per the latest data available with the Securities and Exchange Board of India, investors put in a net Rs 1,61,696 crore in mutual fund schemes during April-November period of 2015-16.