Mutual funds sees record investment in February

KOCHI: Deposits of retail customers in equity mutual funds rose by 23 per cent to Rs 26,866 crore in February. By adding Rs 63,800 crore in debt bonds, mutual funds received a total of Rs 1.2 lakh crore in February.

This is the highest monthly deposit in twenty-three months. According to the data of Association of Mutual Funds in India, Rs 21,780 crore was received as investment in stock-based mutual funds in January. Rs 19,186 crore in systematic investment plan (SIP) reached the market in February. According to the data of the association, the number of people investing in SIPs, which are a system of investing small amounts in the stock market every month, is on the rise. At present there are 8.2 crore accounts in SIP. There were 49.79 lakh new SIP registrations in February alone.