Mutual funds mop up over Rs 37K cr in June
New Delhi: Investors pumped in more than Rs 37,000 crore in various mutual fund schemes in May taking the total funds mobilisation during the first two months of the current fiscal to Rs 1.44 lakh crore.
As per the latest data available with the Securities and Exchange Board of India (SEBI), there was a net inflow of Rs 37,435 crore during May against Rs 1.06 lakh crore in April.
Net inflow in April was the highest in a single month since April 2011, when investors had put in Rs 1.84 lakh crore.
With the latest inflow, the net mobilisation by investors in various mutual fund schemes during the current fiscal (April-May) reached Rs 1.44 lakh crore.
Reacting on the rumours that Congress may name Unique Identification Authority of India Chairman, Nandan Nilekani as its candidate for Prime Minister, JD(U) Leader Shivanand Tiwari said the move could be suicidal for the party.
Date 10-12-13, Duration 0:51, Views 116