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MFs offload equities worth Rs. 26.98bn in April

Mutual Funds invested Rs. 49,934 crore in debt market in April 2014 as against of Rs. 99,457 crore invested in March 2014.

June 12, 2014 12:02 IST | India Infoline News Service
Mutual Funds made net investment of Rs. 47,236 crore in the secondary market in April 2014 compared to net investment of Rs. 95,567 crore in March 2014.
Mutual funds sold Rs. 2,698 crore in equity in April 2014 compared to Rs. 3,890 crore sold in March 2014. Mutual Funds invested Rs. 49,934 crore in debt market in April 2014 as against of Rs. 99,457 crore invested in March 2014.
As on April 30, 2014 there were a total of 1,774 schemes under mutual funds of which Income / Debt oriented schemes were 1,313 (74.0 percent), Growth/equity oriented schemes were 365 (20.6 percent), Exchange Traded Funds were 40 schemes (2.4 percent), Balanced schemes were 30 (1.5 percent) and Fund of Funds investing Overseas schemes were 27(1.5 percent). The number of schemes at the end of 2013-14 were 1,638 of which Income / Debt oriented schemes were 1,178(71.9 percent), Growth / equity oriented schemes were 363(22.2 percent), Exchange Traded Funds were 40 schemes (2.4 percent), Balanced schemes were 30 (1.8 percent) and Fund of Funds investing Overseas schemes were 27(1.6 percent).

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