MARKETS

BSE Prices delayed by 5 minutes... Prices as on Jan 19, 2018   ABB India 1580.35 [ 2.55% ]ACC 1822.7 [ -0.81% ]Ambuja Cements Ltd. 268.5 [ -2.70% ]Asian Paints Ltd. 1193.4 [ 0.31% ]Axis Bank Ltd. 590.25 [ 1.12% ]Bajaj Auto Ltd. 3208.05 [ 0.40% ]Bank of Baroda 165.6 [ 1.94% ]Bharti Airtel 497.75 [ 0.66% ]Bharat Heavy Ele 97.5 [ 0.26% ]Bharat Petroleum 476.85 [ 1.40% ]Britannia Ind. 4683.1 [ 0.89% ]Cairn India Ltd. 285.4 [ 0.90% ]Cipla 602.05 [ -0.19% ]Coal India Ltd. 284.45 [ 0.48% ]Colgate Palm. 1149.4 [ -0.73% ]Dabur India 363.7 [ 0.04% ]DLF Ltd. 249.3 [ -0.34% ]Dr. Reddy's Labs 2487.5 [ 0.89% ]GAIL (India) Ltd. 468.9 [ 0.09% ]Grasim Inds. 1220.75 [ 0.42% ]HCL Technologies 957.75 [ 0.30% ]HDFC 1900.45 [ 0.18% ]HDFC Bank 1951.2 [ 1.00% ]Hero MotoCorp 3590.75 [ -0.04% ]Hindustan Unilever L 1362.55 [ 0.36% ]Hindalco Indus. 258.2 [ 1.73% ]ICICI Bank 353.55 [ 2.15% ]IDFC L 58 [ -1.69% ]Indian Hotels Co 142 [ 1.32% ]IndusInd Bank 1683.3 [ 0.23% ]Infosys 1143.25 [ -0.82% ]ITC Ltd. 273.85 [ 0.37% ]Jindal St & Pwr 264 [ -0.38% ]Kotak Mahindra Bank 1059.95 [ 1.39% ]L&T 1371.95 [ 0.97% ]Lupin Ltd. 923 [ 0.50% ]Mahi. & Mahi 763.9 [ 0.69% ]Maruti Suzuki India 9321.35 [ -0.40% ]MTNL 25.9 [ -1.33% ]Nestle India 7692.2 [ -1.01% ]NIIT Ltd. 106.35 [ 0.57% ]NMDC Ltd. 146.2 [ 1.63% ]NTPC 172.35 [ -0.09% ]ONGC 193.6 [ -0.23% ]Punj. NationlBak 176.45 [ 3.43% ]Power Grid Corpo 196 [ -0.61% ]Reliance Inds. 929.35 [ 1.09% ]SBI 309.05 [ 2.08% ]Vedanta 331.3 [ 1.66% ]Shipping Corpn. 88.85 [ -1.88% ]Sun Pharma. 572 [ -0.74% ]Tata Chemicals 725.75 [ -0.40% ]Tata Global Beverage 308.25 [ 1.07% ]Tata Motors Ltd. 418.95 [ 0.04% ]Tata Steel 751.65 [ -0.03% ]Tata Power Co. 92.25 [ 1.82% ]Tata Consultancy 2954.75 [ 1.53% ]Tech Mahindra Ltd. 552.6 [ -0.04% ]UltraTech Cement 4300.2 [ -2.46% ]United Spirits 3717.45 [ 0.90% ]Wipro Ltd 328.45 [ 0.74% ]Zee Entertainment En 599.65 [ 0.72% ]

News Details

You can view in detail.
MFs log Rs 62,000-cr inflows in Aug 13/09/2017 16:38

Investors have pumped in close to Rs 62,000 crore into various mutual fund (MF) schemes in August, driven by equity and money market funds, reported PTI.

With this, total net inflow in MF schemes has risen to Rs 2.2 lakh crore in the first five months (April-August) of the ongoing fiscal, as per the latest data available with Association of Mutual Funds in India (Amfi).

"The Indian mutual fund industry has been witnessing phenomenal growth since 2014. The last three years and especially 2016 have been characterised by large inflows into equity and balanced funds, with increasing participation from retail and HNI investors," Kaustubh Belapurkar, Director Manager Research at Morningstar said.

Bajaj Capital CEO Rahul Parikh said that Indian investors have now eventually assimilated mutual funds and the credit goes to awareness programmes and endeavours by regulators and asset management companies.

According to data from Amfi, investors have poured in a net of Rs 61,701 crore in MF schemes last month as compared to Rs 63,504 crore in July.

The latest inflow has been mainly driven by contribution from liquid funds and money market funds. Besides, investors continued to maintain bullish stance on the equity schemes.

Liquid or money market fund category witnessed Rs 21,352 lakh crore being poured in last month. In addition, equity and equity linked schemes attracted Rs 20,362 crore.

Further, balanced and debt funds received Rs 8,783 crore and Rs 8,390 crore respectively.

However, gold ETFs continued to see net outflow of Rs 58 crore, Parikh said.

Liquid and money market funds invest mainly in money market instruments like commercial papers, treasury bills, term deposits and certificate of deposits. These funds have a lower maturity period and do not have any lock-in period.

Over the last few years, markets regulator Sebi has been taking measures to increase mutual fund penetration in smaller cities and getting newer investors into the fold by allowing for an additional 30 basis points expense and two basis points towards investor education.

The move seem to be paying off as there has been a rapid rise in the no of new folios as well as increasing share of assets from smaller cities (termed at B-15 cities), which now account for 18 per cent of the overall assets base.

Overall, the assets under management (AUM) of the MF industry, comprising 42 players, reached to an all time high of Rs 20.6 lakh crore in August-end from Rs 19.97 lakh crore at the end of July.

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.

LOAD MORE