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Investors pumped in nearly R47,000 crore in various mutual funds during October, making it the highest net inflow in six months, after a net outflow in the previous month. At the gross level, mutual funds mobilised a total amount of R5,92,871 crore, while there were redemptions worth R5,46,151 crore as well — resulting into a net inflow of R46,720 crore, as per the latest data available with Sebi. This was the highest monthly net inflow since April, when investors had poured in R92,746 crore in mutual fund schemes. There were net outflows of R51,907 crore in September. However, investments made by mutual funds into the secondary stock market fell sharply in October to R14,478 crore, from R46,911 crore in the previous months.

Muthoot Fin to raise Rs 500 crore via NCD

Muthoot Finance, the country's largest gold loan NBFC, intends to raise up to Rs 500 crore through retail issuance of non-convertible debentures (NCDs) in the next 2 months. “We will come out with another NCD offering in the next two months. This will be similar to the last issue,” said George Alexander Muthoot, MD of the group.

He said the coupon on the issue will be decided on the prevailing interest rates during the time of the offering. This will be the company’s second NCD offering for FY2013. In September, the Kerala-based company had issued a R250-crore NCD offering with an over-subscription option of R250 crore.

Icra sees spurt in home fin market

Rating agency Icra

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