New Delhi: In the first 10 months of the current fiscal, total investments in mutual fund schemes rose to nearly Rs 2 lakh crore on the back of inflows in equity funds.
It was higher than Rs 1.6 lakh crore invested in the same period last fiscal. Most of the money is being invested in liquid or money fund as well as and equity mutual fund schemes. A staggering Rs 1.14 lakh crore have been infused in liquid or ‘money market’ schemes and another Rs 56,000 crore pumped in equity schemes.
According to the latest data available with the Securities and Exchange Board of India (Sebi), investors have put in Rs 1,94,820 crore in various mutual fund schemes.
HSBC Global Asset Management India CEO Puneet Chaddha said, “Since early 2014, equity market sentiment took a turn for the better and we have noticed significant interest from FIIs on the back of expectations from the new government at the Centre. This has led to equity markets adopting a bullish tone.”
