Investors put over Rs 30,000 cr in MF schemes during September

Written by PTI | New Delhi | Updated: Oct 17 2014, 22:43pm hrs
Investors pumped around Rs 30,500 crore into various mutual fund schemes in September, making it the third consecutive month of inflows.

As per the latest data available with the Securities and Exchange Board of India, investors put Rs 30,517 crore in mutual fund schemes (MF) last month after pouring in a staggering Rs 1,00,181 crore in August.

Investors had poured in Rs 1,13,216 crore in MF schemes in July. Prior to that, there was an outflow of Rs 59,726 crore in June.

At gross level, MFs mobilised Rs 54.1 lakh crore in September, while there were redemptions worth Rs 53.8 lakh crore as well. This resulted in a net inflow of Rs 30,517 crore.

According to market analysts, investors have put in most of the money in equity mutual fund and equity-linked savings schemes.

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 the current financial year so far (April-September), MF on a net basis have mobilised over Rs 3 lakh crore as compared to Rs 53,783 crore garnered in the entire 2013-14 fiscal.