 "Investors put in Rs 1 lakh cr in mutual fund schemes in Aug")
As per the latest data available with the Securities and Exchange Board of India, investors have put in Rs 1,00,181 crore in mutual fund schemes (MF) last month after pouring in a staggering Rs 1,13,216 crore in July.
Prior to that, there was an outflow of Rs 59,726 crore in June.
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At gross level, MFs mobilised Rs 43.67 lakh crore in August, while there were redemptions worth Rs 42.67 lakh crore as well. This resulted in a net inflow of over Rs 1 lakh crore.
This significant level of funds mobilisation has also led to increase in the total assets under management of MFs that surged to Rs 10.12 lakh crore as on August 31, from Rs 10.06 lakh crore in the previous month.
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.
The strong inflow in MF schemes coincided with a gain in BSE's benchmark Sensex by around three per cent last month.
Overall, during the current financial year so far (April-August), MF on a net basis have mobilised around Rs 3 lakh crore as compared to Rs 53,783 crore garnered in the entire 2013-14 fiscal.