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Investors redeem Rs. 597bn from MFs in June

Investors had invested Rs. 336.61 billion in various MF schemes in May, while they had pumped in Rs. 1.12 trillion in April.

July 31, 2014 10:05 IST | India Infoline News Service
Investors offloaded over Rs. 597.26 billion from various mutual fund schemes in June, while they invested Rs. 1.46 trillion in the preceding two months, according to the latest SEBI (Securities and Exchange Board of India) data.
Investors had invested Rs. 336.61 billion in various MF schemes in May, while they had pumped in Rs. 1.12 trillion in April.
At gross level, fund houses received investments worth Rs 8.92 trillion in June, whereas they redeemed investments worth Rs 9.51 trillion. This resulted in a net outflow of Rs 597.26 billion.
This significant level of funds withdrawal has also led to the decline in the total assets under management of MFs that fell to Rs 9.75 trillion as on June 30, from a record Rs 10.11 trillion in the previous month. 
Overall, during the current financial year so far, MF on a net basis have mobilised Rs. 863.69 billion as compared to Rs. 537.83 billion garnered in the entire 2013-14 fiscal. 




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