MFs offload equity worth Rs. 482 crore in November

India Infoline News Service | Mumbai |

Mutual Funds invested Rs 41,624 crore in debt market in November 2013 as against of Rs. 37,171 crore invested in October 2013

Mutual Funds made net investment of Rs. 41,141 crore in the secondary market in November 2013 compared to net investment of Rs. 33,153 crore in October 2013, according to SEBI (Securities and Exchange Board of India) data.

Mutual funds sold Rs 482 crore in equity in November 2013 compared to Rs 4,018 crore sold in October 2013. Mutual Funds invested Rs 41,624 crore in debt market in November 2013 as against of Rs. 37,171 crore invested in October 2013, the SEBI said.

As on November 29, 2013 there were a total of 1,359 schemes under mutual funds of which Income/Debt oriented schemes were 916 (67.4 percent), Growth/equity oriented scheme were 351 (25.8 percent), Exchange Traded Funds were 39 schemes (2.9 percent), Balanced schemes were 30 (2.2 percent) and Fund of Funds investing Overseas schemes were 23(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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