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Investors have pumped in a massive Rs 1.3 lakh crore into various mutual fund schemes in the first eight months of current financial year (2014-15), mainly on account of strong inflows in equity and money market categories.
According to the latest data available with the Securities and Exchange Board of India, investors put in a net Rs 1.3 lakh crore in mutual fund schemes during April-November period of 2014. This is in comparison to Rs 1,50,675 crore net inflow witnessed in April-November 2013.
According to market analysts, investors have put in most of the money in equity and 'liquid' or money market category.
"This inflow in mutual fund schemes is fuelled by gain in equity market, supported by stable government and positive global environment," JP Morgan AMC Managing Director and Chief executive officer Nandkumar Surti said.
"It has been across asset classes, but investors' participation in equity oriented funds is a positive thing for the industry," Quantum AMC chief executive officer Jimmy Patel said. The robust inflow has helped Mutual Funds asset base to reach nearly Rs 11 lakh crore at the end of November 2014 from Rs 7 lakh crore in March-end.
