Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (6474)	9/7/1999 10:49:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 12475

Mutual Funds may raise Rs 45,000 crore this year: Mehta Our Chennai Bureau 7 SEPTEMBER INDIAN mutual funds are likely to raise Rs 40,000-45,000 crore in 1999-2000 (April-March), Securities and Exchange Board of India (Sebi) chairman D R Mehta said on Tuesday. Mr Mehta said the funds, which raised Rs 22,711 crore in 1998-99, have raised Rs 14,112 crore in the four months from April to July. He was speaking at an interactive session organised by the Confederation of Indian Industry (CII).Mr Mehta said the net inflow to Indian mutual funds during April-July was Rs 4,875 crore, after accounting for redemptions and recapitalisation of the funds. "Net inflows should be around Rs 12,000-15,000 crore by the end of the year, he said."This shows the Indian market is becoming more institutionalised," he said... economictimes.com