Mutual funds pump Rs5,87,000 cr into domestic debt market in FY15

04 Apr 2015

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Mutual fund managers pumped in Rs77,712 crore into debt in March 2015 alone, taking total mutual fund investments in the domestic debt market in the 2014-15 financial year to Rs5,87,000 crore, an year-on-year increase of eight per cent.

As per data released by the Securities and Exchange Board of India (Sebi), mutual funds invested a net amount of Rs5,87,000 crore in debt market in 2014-15, compared to Rs5,43,000 crore in the preceding year.

The increased inflow has been attributed to favourable economic climate, especially in the wake of a surprise 25 bps cut in RBI's repo rate in March.

Mutual funds also invested a net amount of Rs40,000 crore in equity markets during the 2014-15 financial year.

Total assets under management (AUM) of mutual funds reached Rs12,00,000 crore at the end of the financial year.

Foreign institutional investors (FIIs) made a net investment of Rs1,64,000 crore in the country's debt markets during the year.

Industry body Association of Mutual Funds of India's (Amfi), meanwhile, put a one per cent cap on upfront commission paid to distributors.

Fund managers expect overall inflows into equities and debt markets for the current financial year (2015-16) to keep pace with the current trend.

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