Top News

Mutual Funds Pump Rs. 11,600 Crore Into Stock Mark
By satya sruthi On 19 Sep, 2016  


New Delhi: Mutual funds have invested over Rs. 11,600 crore in equity markets in the current financial year so far due to strong participation from retail investors.

This is on top of over Rs. 70,000 crore already invested in the entire 2015 and around Rs. 24,000 crore in 2014.

"Over the last few years, we have seen a shift in investment towards equity class as investment avenues like real estate and gold are not doing well," Bajaj Capital group CEO and director Anil Chopra said.


Besides, equity mutual funds have added over 11 lakh investor accounts or folios in the first five months of the current fiscal year to cross 3.7 crore by the end of August.

Market experts attributed the inflow to investment in systematic investment plans (SIPs) and strong participation from retail investors.

SIP is an investment vehicle that allows investors to invest in small amounts periodically instead of lump sums. The frequency of investment is usually weekly, monthly or quarterly.

As per data released by the Securities and Exchange Board of India (Sebi), mutual fund managers invested a net sum of Rs. 11,608 crore so far in the calendar year 2016 (January-September).

In addition, fund managers have infused Rs. 2.50 lakh crore in the debt markets during the period under review.

The inflow is in line with the BSE's benchmark Sensex rising 9.5 per cent during the period under review.

A mutual fund is an investment vehicle with a pool of funds collected from various investors to buy stocks, bonds, money market instruments and similar assets.



Comments

Good good
By Sharmila Shan On 19 Sep, 2016
Reply

Submit your comment

About Us Terms & Conditions Disclaimer
Advertise Contact
register and win

NRIS.COM is one of the premier NRI website that provides a range of resourceful services to Indian expats residing in the USA. Visiting the site you will find comprehensive information related to restaurants, casinos, pubs, temples, carpool, movies, education, real estate, and forums. The simple and easy to navigate format allows NRIs to gain information within a fraction of a second. Moreover, advertising through its column of Indian free classifieds in USA allow businesses to improve visibility of their brand.

WI NRI's Chat (0 Users Online)