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Assets under MFs rises by $183.4bn in November: ICI

Long-term funds—stock, bond, and hybrid funds—had a net inflow of $9.61 billion in November, versus an inflow of $10.30 billion in October.

December 31, 2013 1:16 IST | India Infoline News Service
The combined assets of the nation’s mutual funds increased by $183.4 billion, or 1.3 percent, to $14.815 trillion in November, according to the Investment Company Institute’s official survey of the mutual fund industry.

In the survey, mutual fund companies report actual assets, sales, and redemptions to ICI. Long-term funds—stock, bond, and hybrid funds—had a net inflow of $9.61 billion in November, versus an inflow of $10.30 billion in October.

Stock funds posted an inflow of $22.49 billion in November, compared with an inflow of $20.68 billion in October. Among stock funds, world equity funds (U.S. funds that invest primarily overseas) posted an inflow of $15.94 billion in November, versus an inflow of $12.67 billion in October. Funds that invest primarily in the United States had an inflow of $6.56 billion in November, versus an inflow of $8.01 billion in October.

Hybrid funds posted an inflow of $5.24 billion in November, compared with an inflow of $5.24 billion in October.

Bond funds had an outflow of $18.12 billion in November, compared with an outflow of $15.62 billion in October. Taxable bond funds had an outflow of $13.66 billion in November, versus an outflow of $10.23 billion in October. Municipal bond funds had an outflow of $4.46 billion in November, compared with an outflow of $5.39 billion in October.

Money market funds had an inflow of $5.35 billion in November, compared with an outflow of $12.12 billion in October. Funds offered primarily to institutions had an inflow of $7.93 billion. Funds offered primarily to individuals had an outflow of $2.58 billion.

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