Public Issues and Rights Issue raised Rs.46,029.71cr and Rs.64,058.61cr in FY 2020-21
Despite the uncertainty prevailing in FY 2020-21 owing to CoVID-19 pandemic, fund raising in FY 2020-21 was better than that in FY 2019-20 for both Public Issues and Rights Issues, the Finance Ministry said on 14 April 2021.
During FY 2020-21, Rs.46,029.71 crore and Rs.64,058.61 crore were raised through Public Issues and Rights Issue, respectively, as against Rs.21,382.35 crore and Rs.55,669.79 crore raised last year. This is an increase of 115% and 15%, respectively, in FY 2020-21 as compared to last year.
Similarly, around 2,003 issues of Corporate Bonds for an amount of Rs.782,427.39 crore happened in FY 2020-21, surpassing the amount raised (Rs.6,89,686.19 crore) through 1,821 issues for the fiscal year 2019-20. Thus, while the number of issues increased by 10% in FY 2020-21, the amount raised increased by 13.5% as compared to the previous financial year.
The Indian capital market has shown its resilience to withstand the ripples caused by exogenous shocks like the pandemic. Assets under management (AUM) of Mutual Fund Industry increased by 41% from Rs.22.26 lakh crore as on 31 March 2020 to Rs.31.43 lakh crore as on 31 March 2021.
The number of unique investors across Mutual Fund schemes also increased by 10% to Rs.2.28 crore as on 31 March 2021 from Rs.2.08 crore as on 31 March 2020. With increasing expansion of the MF industry in smaller cities, the AUM from below top 30 cities increased by 54% to Rs.535,373 crore as on 31 March 2021 from Rs.348,167 crore as on 31 March 2020.
Investors in Mutual Fund industry may choose to invest in any of the 1,735 mutual fund schemes across categories as per their investment objective as on 31 March 2021. #banking #investment #funds #monetary /fiinews.com
