Mutual fund investors pump in Rs 47,000 crore in sector in October
Agencies: New Delhi, Dec 03 2012, 15:06 IST
the Rajiv Gandhi Equity Savings Scheme, but it could be initially complicated for first-time investors.
"During October 2012, mutual funds saw a net inflow of Rs 46,720 crore (of which Rs 34,901 crore were mobilised by private sector and Rs 11,819 crore by public sector) as compared to a net outflow of Rs 51,907 crore (of which Rs 37,588 crore were from private sector and Rs 14,319 crore from public sector) during September 2012," Sebi noted.
This significant level of fund mobilisation has also helped the total asset under management of mutual funds to grow to Rs 7.68 lakh crore as on October 31, 2012.
So far so far in current fiscal year (2012-13), overall net investment in mutual fund schemes rises to Rs 1.48 lakh crore from Rs 96,566 crore mobilised in the corresponding period last year.
Mutual Funds Check for top funds
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