JOIN USInvestors have put in more than Rs 1.5 lakh crore in various mutual funds schemes in the ongoing financial year, nearly twice the amount pumped in by them in entire 2012-13 fiscal.
As per the latest data available with Sebi, there was a net inflow of Rs 1,50,675 crore during the 2013-14 fiscal (April-November) as against a net inflow of over Rs 76,000 in the preceding fiscal.
Prior to that, a net amount of more than Rs 22,000 crore and over Rs 49,000 crore moved out of the mutual funds’ kitty during 2011-12 and 2010-11, respectively.
Mutual funds pool together money from many investors and invest it on their behalf, in accordance with a stated set of objectives.
At a gross level, mutual funds mobilised over Rs 63 lakh crore during April-November period of this year, while there were redemptions worth Rs 61.5 lakh crore as well. This resulted in a net inflow of Rs 1,50,675 crore.