MFs report net outflow of Rs. 484bn in June

India Infoline News Service | Mumbai |

The private sector mutual funds reported an outflow of Rs. 407.21 billion in June

Mutual funds saw a net outflow of Rs. 484.03 billion in June 2013 as compared to a net inflow of Rs. 374.35 billion in May 2013, according to SEBI (Securities and Exchange Board of India) data.

The private sector mutual funds reported an outflow of Rs. 407.21 billion in June, while public sector mutual funds witnessed an outflow of Rs. 76.82 billion, the data added.

During the financial year 2013-14 so far, mutual funds net mobilised Rs. 956.06 billion as compared to Rs. 955.19 billion in corresponding period of 2012-13.

The market value of assets under management stood at Rs. 8.11 trillion as on June 30, 2013 as against Rs. 8.68 trillion as on May 31, 2013, indicating a decrease of 6.6%.

S&P BSE Sensex closed at 19395.81 on June 28, 2013, as against 19,760.3 on May 31, 2013, registering a decrease of 364.5 points (1.8%). During June 2013, Sensex recorded an intraday high of 19,860.19 on June 3, 2013 and an intraday low of 18,467.16 on June 24, 2013.


 

Advertisements

  • Save upto Rs.2.67 lakh with Pradhan Mantri Awas Yojana ...Know more
  • Now Save Rs.3150 on your Demat Account ...Click here
  • Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.