Mutual funds are a boon for stock market. Rs 11, 600 cr pumped in
Thanks to the mutual funds, Rs 11,600 crores is getting pumped into the stock market. If the news agency is to be believed, this is on top of over Rs 70,000 crore already invested in the entire 2015 and around Rs 24,000 crore in 2014.
TOP VIDEOS FOR YOU"Over the last few years, we have seen a shift in investment towards equity class as investment avenues like real estate and
Besides, equity mutual funds have added over 11 lakh investor accounts or folios in the first five months of the current fiscal to cross 3.7 crore by the end of August.
Market experts attributed the inflow to investment in systematic investment plans (SIPs) and strong participation from retail investors.
SIP is an investment vehicle that allows investors to invest in small amounts periodically instead of lump sums. The frequency of investment is usually weekly, monthly or quarterly.
As per data released by
In addition, fund managers have infused Rs 2.50 lakh crore in the debt markets during the period under review.
The inflow is in line with BSE's benchmark
A mutual fund is an investment vehicle with a pool of funds collected from various investors to buy stocks, bonds, money market instruments and similar assets.