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MFs offload equities worth Rs. 3,890 crore in March

Mutual Funds invested Rs. 99,457 crore in debt market in March 2014 as against of Rs. 62,015 crore invested in February 2014

May 09, 2014 9:24 IST | India Infoline News Service
Mutual Funds made net investment of Rs. 95,567 crore in the secondary market in March 2014 compared to net investment of Rs. 60,669 crore in February 2014, according to SEBI (Securities and Exchange Board of India) data.
Mutual funds sold Rs. 3,890 crore in equity in March 2014 compared to Rs. 1,345 crore sold in February 2014. Mutual Funds invested Rs. 99,457 crore in debt market in March 2014 as against of Rs. 62,015 crore invested in February 2014.
As on March 31, 2014 there were a total of 1,638 schemes under mutual funds 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).
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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