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Mutual fund managers pumped in over Rs 40,000 crore in debt market during April and May this fiscal primarily on account of improved business sentiments.
This follows a fund infusion of nearly Rs 6 lakh crore in debt market in the last financial year.
According to the Securities and Exchange Board of India (SEBI), fund managers invested Rs 17,389 crore in May and Rs 22,650 crore in April, taking the total amount to Rs 40,039 crore in the ongoing financial year.
In comparison, mutual funds had invested Rs 13,420 crore in equities during the first two months of 2015-16.
“After a spectacular past fiscal, we are upbeat about overall inflows in equities and debt market for the current financial year (2015-16) as well,” an industry expert said.
This inflow has helped the mutual fund industry to reach around Rs 12 lakh crore mark in assets under management (AUM) by May-end.
Mutual fund is an investment vehicle with a pool of funds collected from investors to buy securities such as stocks, bonds, money market instruments and similar assets.
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