39 Lakh new accounts in Mutual Funds
Posted on: 29/Mar/2016 6:14:46 PM
In the current financial year, 39 Lakh new accounts have been opened in Mutual Funds.
As the awareness about mutual funds is increasing in small towns and cities, there has been quite a rise in the number of investors.
During the financial year 2014-15, there were only 25 lakh new accounts opened in mutual funds. However, this financial year (2015-16), 39 lakh new accounts have been opened.
There was an increasing trend of people withdrawing from mutual funds from March 2009. During the economically recession period in 2008, around 1,5 Crore accounts were closed.
However, the number of investors in mutual fund has been increasing since the financial year 2014-15.
Over the last 4 moths, there has been a strong trend of foreign investments reduction. In this scenario, during the month March 2016 so far, there has been a foreign investment of Rs. 16400 Crores.
From 1st March till 23rd March, Foreign investment in Indian Stock Market has been Rs. 15000 Crores. A foreign investment of Rs. 816 Crores has been made in the Indian Loan market. This makes for a total foreign investment of Rs. 16480 Crores.
Between November 2015 & February 2016, a foreign investment of Rs. 41661 Crores was withdrawn.
With the prevailing low inflation situation, the Reserve Bank of India is set to release in financial and loan policy on 5th April. It is expected that there will be a reduction in the interest ratio. So, the stock market experts suggest that foreign investments in Indian stock Market will continue increasing.
