MFs report net outflow of Rs. 33,910 cr in Sept 2013

India Infoline News Service | Mumbai |

The private sector outflow was Rs 28,235 crore, while public sector mutual funds reported outflow of Rs 5,674 crore in September 2013

During September 2013, mutual funds saw a net outflow of Rs 33,910 crore as compared to outflow of Rs. 23,713 crore during August 2013, according to SEBI (Securities and Exchange Board of India) data.

The private sector outflow was Rs 28,235 crore, while public sector mutual funds reported outflow of Rs 5,674 crore in September 2013, SEBI added.

In the financial year 2013-14 so far, mutual funds net mobilised Rs. 35,342 crore as compared to Rs. 1,01,875 crore mobilized in corresponding period of 2012-13.

The market value of assets under management stood at Rs. 7,45,969 crore as on September 30, 2013 as compared to Rs. 7,66,103 crore as on August 30, 2013, indicating a decrease of 2.6 percent.


 

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