MFs offload equities worth Rs. 2,515 cr in Jan 2014

India Infoline News Service | Mumbai |

As on January 31, 2014, there were a total of 1,469 schemes under mutual funds

Mutual Funds made net investment of Rs. 42,900 crore in the secondary market in January 2014 compared to net investment of Rs. 51,531 crore in December 2013, according to SEBI bulletin.
Mutual funds sold Rs. 2,515 crore in equity in January 2014 compared to Rs. 411 crore sold in December 2013. Mutual Funds invested Rs. 45,415 crore in debt market in January 2014 as against of Rs. 51,942 invested in December 2013.
As on January 31, 2014 there were a total of 1,469 schemes under mutual funds of which Income/Debt oriented schemes were 1,022 (69.6 percent), growth/equity oriented schemes were 353 (24 percent), Exchange Traded Funds were 39 schemes (2.7 percent), Balanced schemes were 30 (2.1 percent) and Fund of Funds investing Overseas schemes were 24 (1.7 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 (2.7 percent), Balanced schemes were 30 (2 percent) and Fund of Funds investing Overseas schemes were 25 (1.7 percent).
 

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