MFs offload equity worth Rs. 411 crore in December 2013

India Infoline News Service | Mumbai |

Mutual Funds invested Rs. 51,942 crore in debt market in December 2013 as against of Rs. 41,624 invested in November 2013

Mutual Funds made net investment of Rs. 51,531 crore in the secondary market in December 2013 compared to net investment of Rs. 41,141 crore in November 2013, according to SEBI data.

Mutual funds sold Rs. 411 crore in equity in December 2013 compared to Rs. 482 crore sold in November 2013. Mutual Funds invested Rs. 51,942 crore in debt market in December 2013 as against of Rs. 41,624 invested in November 2013, it added.

As on December 31, 2013 there were a total of 1,430 schemes under mutual funds of which Income/Debt oriented schemes were 982 (68.7 percent), Growth/equity oriented schemes were 355 (24.8 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 were 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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