Mutual Funds garner over Rs 1 lakh cr from investors in Apr-Dec 2012
Investors have put in more than Rs 1.2 lakh crore in various mutual funds in first nine months of the current fiscal compared to a cumulative net outflow of over Rs 70,000 crore in the previous two financial years.
A revival in the stock market and a slew of reform measures taken by the government and regulator Sebi may help the mutual fund industry mobilise further funds in the coming months, say experts.
As per the latest data available with Sebi, there was a net inflow of Rs 1,20,269 crore between April and December 2012, as against total fund mobilisation of Rs 36,918 crore in the corresponding period of last fiscal 2011-12.
However, there was a net outflow of over Rs 22,000 in the entire 2011-12, while a net amount of more than Rs 49,000 crore moved out of the mutual funds' kitty during 2010-11.
Prior to that, mutual funds had mobilised Rs 83,000 crore in 2009-10, Sebi data shows.
At gross level, mutual funds mobilised over Rs 53.10 lakh crore in April-December period of current fiscal, while there were redemption worth Rs 51.90 lakh crore as well. This resulted in a net inflow of over Rs 1.2 lakh crore.
This significant level of fund mobilisation has also helped the total asset under management of mutual funds to grow to Rs 7.6 lakh crore as on December 31, 2012.
Mutual funds pool together money from many investors and invest it on their behalf, in accordance with a stated set of objectives.
Market analysts expect the trend
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