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. 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 percent and 15 percent respectively in FY 2020-21 as compared to last year, the government said.
This is an increase of 115 percent and 15 percent respectively despite the uncertainty prevailing owing to COVID-19 pandemic, according to a statement released by the Ministry of Finance. Similarly, around 2003 issues of corporate bonds for an amount of Rs 782,427.39 crore happened in FY 2020-21, surpassing the amount raised (Rs 689,686.19 crore) through 1,821 issues for the fiscal year 2019-20.
Thus, while the number of issues increased by 10 percent in FY 2020-21, the amount raised increased by 13.5 percent as compared to the previous financial year. 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 percent from Rs 22.26 lakh crore as of March 31, 2020 to Rs 31.43 lakh crore as on March 31, 2021. The number of unique investors across mutual fund schemes also increased by 10 percent from 2.08 crore as on March 31, 2020 to 2.28 crore as on March 31, 2021.
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