Bangalore: Investors put in over 38,000 crore into Mutual Fund schemes in July, a sharp increase of 60 percent over the preceding month.

"During July 2012, mutual funds mobilised 38,457 crore as compared to 23,968 crore liquidated during June 2012," according to information available with capital market regulator Sebi.

Mutual Funds pool together money from many investors and invest it on behalf of the group, in accordance with a stated set of objectives.

The most of the funds were mobilised through private sector in July. Mutual Funds garnered 27,500 crore through the private sector and 10,957 crore from the public sector.

The market value of assets under management stood at 7.30 lakh crore in July, compared to 6.88 lakh crore at the end of June indicating an increase of 6 per cent.

Overall, Mutual Funds have garnered 1.33 lakh crore in the 2012-13 fiscal so far, compared to 1.24 lakh crore mobilised during the corresponding period in 2011-12.

During the period under review, mutual funds were bullish on debt market and poured in 2,985 crore, while they pulled out 1,988 crore from the equity market - leaving behind a net investment of 997 crore in the secondary market.

"During July 2012, Mutual Funds made net investment of 997 crore in the secondary market as compared to 78,761 crore in June 2012," Sebi said.