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MFs offload equities worth Rs. 1,345 crore in Feb

India Infoline News Service | Mumbai |

Mutual Funds invested Rs. 62,015 crore in debt market in February 2014 as against of Rs. 45,415 crore invested in January 2014

Mutual Funds made net investment of Rs. 60,669 crore in the secondary market in February 2014 compared to net investment of Rs. 42,900 crore in January 2014, according to SEBI (Securities and Exchange Board of India) data.
Mutual funds sold Rs. 1,345 crore in equity in February 2014 compared to Rs. 2,515 crore sold in January 2014. Mutual Funds invested Rs. 62,015 crore in debt market in February 2014 as against of Rs. 45,415 crore invested in January 2014.
As on February 28, 2014 there were a total of 1,538 schemes under mutual funds of which Income / Debt oriented schemes were 1,089 (70.8 percent), Growth/equity oriented schemes were 353 (23 percent), Exchange traded Funds were 39 schemes (2.5 percent), Balanced schemes were 30 (2 percent) and Fund of Funds investing Overseas schemes were 27 (1.8 percent). The number of schemes at the end of 2012-13 was 1,294 of which Income/Debt oriented schemes were 857 (66.2 percent), Growth/equity oriented scheme were 347 (26.8 percent), Exchange Traded Funds were 37 schemes (2.9 percent), Balanced schemes were 32 (2.5 percent) and Fund of Funds investing Overseas schemes were 21 (1.6 percent), the data added.
The private sector mutual funds attracted inflows of Rs. 2,231 crore, public sector mutual funds saw inflow of Rs.1,171 crore in February, the data showed.
S&P BSE Sensex closed at 21,120.1 on February 28, 2014, as against 20,513.9 on January 31, 2014, registering an increase of 606.3 points (3%). During February 2014, Sensex recorded an intraday high of 21,140.5 on February 28, 2014 and an intraday low of 19,963.1 on February 4, 2014.
 

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