Mutual Funds collections cross Rs. 43,000 crore ($9.6 bil) in January
India Today
Mumbai, February 9: Gross inflow into mutual funds (MFs) during April 1999 to January 2000 has crossed the Rs. 43,000 crore ($9.6 bil) mark, and the figure was expected to touch Rs. 50,000 crore ($11.1 bil) mark by the end of March 2000.
According to figures submitted with SEBI, the MFs have reported a gross inflow of funds of Rs. 43,293.65 crore ($9.4 bil) during the first 10 months of the fiscal, resulting in a net inflow of Rs. 15,473 crore ($3.4 bil).
This has taken the cumulative position of net assets of MFs in the country to Rs. 1.09 lakh crore ($24 billion) by January-end, they said adding the gross inflow into MFs during January 2000 alone were over Rs. 8000 crore ($1.7 billion).
During the first 10 months, the withdrawals and redemptions from the funds amounted to Rs. 27,820 crore ($6 bil). |
