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MFs offload equities worth Rs. 2,801 cr in Sept 2013

As on September 30, 2013 there were a total of 1,325 schemes under mutual funds

November 01, 2013 1:38 IST | India Infoline News Service
Mutual funds made net investment of Rs. 79,169 crore in the secondary market in September 2013 compared to net investment of Rs. 5,359 crore in August 2013, according to SEBI (Securities and Exchange Board of India) data.

Mutual funds sold Rs. 2,801 crore in equity September 2013 compared to Rs. 1,607 crore invested in August 2013. Mutual Funds invested Rs. 81,970 crore in debt market in September 2013 as against of Rs. 3,752 crore invested in August 2013.

As on September 30, 2013 there were a total of 1,325 schemes under mutual funds of which Income/Debt oriented schemes were 891 (67.2 percent), Growth/equity oriented scheme were 344 (26 percent), Exchange Traded Funds were 38 schemes (2.9 percent), Balanced schemes were 30 (2.3 percent) and Fund of Funds investing Overseas schemes were 22 (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 (2.9 percent), Balanced schemes were 32 (2.5 percent) and Fund of Funds investing Overseas schemes were 21 (1.6 percent).

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