MFs report net outflow of Rs. 33,910 crore in October

India Infoline News Service | Mumbai |

The market value of assets under management stood at Rs. 8.33 lakh crore as on October 31, 2013

During October 2013, mutual funds saw a net inflow of Rs. 66,325 crore as compared to the outflow of Rs. 33,910 crore.

The private sector mutual funds net inflow stood at Rs. 47,215 crore, while public sector mutual funds saw inflow of Rs. 19,111 crore in October, according to SEBI (Securities and Exchange Board of India).

In October, the private sector mutual fund reported outflow of Rs. 28,235 crore whereas public sector mutual funds saw outflow of Rs. 5,674 crore, the SEBI added.
During the financial year 2013-14 so far, mutual funds net mobilised Rs. 1.01 lakh crore as compared to Rs. 1.48 lakh crore mobilized in corresponding period of 2012-13.

The market value of assets under management stood at Rs. 8.33 lakh crore as on October 31, 2013 as compared to Rs. 7.45 lakh crore as on September 30, 2013, indicating an increase of 11.8%.
 

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