Investors have pumped in around Rs1.55 lakh crore into various mutual fund schemes in October, making it the fourth consecutive month of inflows.
As per the latest data available with the Securities and Exchange Board of India, investors put in a net of Rs1.55 lakh crore in mutual fund schemes (MF) last month after pouring in a staggering Rs30,517 crore in September.
Investors had poured in Rs1 lakh crore and Rs1.13 lakh crore, respectively, in MF schemes in August and July. Prior to that, there was an outflow of Rs59,726 crore in June. At gross level, MFs mobilised Rs63.21 lakh crore in October, while there were redemptions worth Rs61.67 lakh crore as well--resulting in a net inflow of Rs1,54,958 crore.
According to market analysts, investors have put in most of the money in liquid or money market category. MF is an investment vehicle that pools funds from many investors for investing in securities such as stocks, bonds, money market instruments and similar assets.
Overall, during April-October period of current financial year, MF on a net basis have mobilised over Rs4.5 lakh crore as compared to Rs53,783 crore garnered in the entire 2013-14 fiscal.Currently, there are more than 1,800 mutual fund schemes including 1,252 from debt category and 339 in equity segment