FII,s showing interest in Domestic Mutual Fund

Traditionally FII invest directly to Indian Stock Market and fire it whenever they want. As per the recent data released by AMFI, FII is showing more and more interest to Invest through Indian Mutual Fund. Although this indicator is too early to feel so excited about it  if it continues in FY13 it will give a boost to Indian Mutual Fund Industry. Definitely Indian Fund Manager are doing extremely good managing large amount of Fund and the transparency level set by SEBI for MF Industry is very stringent . As at the end of March 2012 FII, s have invested app. 1212 Cores in Indian Mutual Fund which is 20% higher to the level of 31st March 2011. Recently Indian Government has allowed Foreign Individual Investors to invest directly to Indian stock Market and in FY 12 Budget Government has allowed foreign Investor to invest directly in Indian Mutual Fund also.