OTHER GROUP COMPANIES
market

MFs offload Rs. 237 billion in debt schemes in July

The debt market witnessed a net inflow of Rs. 27 million till July 2013

August 19, 2013 10:22 IST | India Infoline News Service
Mutual fund investors sold about Rs. 237.4 billion in debt schemes in July 2013, while they invested Rs. 649.47 billion in debt schemes in June, according to SEBI (Securities and Exchange Board of India) data.

The debt market witnessed a net inflow of Rs. 27 million till July 2013, the data added.

Foreign institutional investors made a net outflow of more than Rs. 120 billion from debt market in July.

According to market experts, asset management companies (AMCs) have been concentrating on debt schemes because of volatility in stock market. These schemes offer better returns as against bank fixed deposits and comparatively carry lower risk than equity mutual funds.

At the end of June, there were a total of 1,184 schemes under mutual funds, of which 749 schemes (66% of the overall schemes) were debt oriented while 346 schemes (29% of total schemes) were equity related.

OPEN A DEMAT ACCOUNT & Get
FREE Benefits Worth 5,000

FEATURED ARTICLE

BLOGS

Open Demat Account
  • 0

    Per Order for ETF & Mutual Funds Brokerage

  • 20

    Per Order for Delivery, Intraday, F&O, Currency & Commodity