MFs offload equities worth Rs. 21.69 billion in June 2013

India Infoline News Service | Mumbai |

Mutual funds sold Rs. 237.40 billion in debt market in July 2013 as against Rs. 646.02 billion invested in June 2013

Mutual funds offloaded investments worth Rs. 259.09 billion in the secondary market in July 2013 compared to net investment of Rs. 646.33 billion in June 2013, according to SEBI (Securities and Exchange Board of India) data.

The fund houses sold Rs. 21.69 billion in equity compared to Rs. 2.69 billion in June 2013. Mutual funds sold Rs. 237.40 billion in debt market in July 2013 as against Rs. 646.02 billion invested in June 2013.

As on July 31, 2013 there were a total of 1,172 schemes under mutual funds of which Income/Debt oriented schemes were 739 (63.05%), Growth/equity oriented scheme were 345 (29.44%), Exchange Traded Funds were 37 schemes (3.16%), Balanced schemes were 30 (2.56%) and Fund of Funds investing Overseas schemes were 21 (1.79%).

The number of schemes at the end of 2012-13 was 1,294 of which Income/Debt oriented schemes were 857 (66.2%), Growth/equity oriented scheme were 347 (26.8%), Exchange Traded Funds were 37 schemes (2.9%), Balanced schemes were 32 (2.5%) and Fund of Funds investing Overseas schemes were 21 (1.6%).

During FY13-14 so far, mutual funds net mobilised Rs. 455.39 billion as compared to Rs. 1.33 trillion mobilised in corresponding period of 2012-13.
The market value of assets under management stood at Rs. 7.60 trillion as on July 31, 2013 as compared to Rs. 8.11 trillion as on June 30, 2013, indicating a decrease of 6.2%.

S&P BSE Sensex closed at 19,345.7 on July 31, 2013, as against 19395.81 on June 28, 2013, registering a decrease of 51.1 points (0.3%).

During July 2013, Sensex recorded an intraday high of 20,351.06 on July 23, 2013 and an intraday low of 19126.82 on July 31, 2013.
 

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