MFs sell shares worth Rs. 140 billion in FY14

India Infoline News Service | Mumbai |

Mutual funds sold shares worth Rs. 14,208 crore during FY2013-14

Mutual funds offloaded shares worth more than Rs 14,000 crore during the FY 2013-14, according to SEBI (Securities and Exchange Board of India) data.
Mutual funds (MFs) sold shares worth Rs. 14,208 crore during the last financial year, while the fund houses offloaded Rs. 22,749 crore in the previous fiscal (2012-13).
The financial year ended March 31, 2014, also marked the fifth consecutive year of net outflows by mutual funds in the equities after investing net amount of Rs 6,985 crore in the share market in 2008-09.
During the last five financial years till 2013-14, MFs had cumulatively sold shares worth over Rs 68,000 crore from equities.



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