Pvt sector MFs report outflow of Rs. 62,002 cr in December

India Infoline News Service | Mumbai |

The private sector mutual funds recorded inflows of Rs. 50,167 crore in November 2013

Mutual funds saw net outflow of Rs. 74,578 crore during December 2013 as compared to an inflow of Rs. 49,008 crore in November 2013.
The private sector mutual funds reported outflow of Rs. 62,002 crore in December 2013, while public sector mutual funds saw outflow of Rs. 12,575 crore, the SEBI data added.
The private sector mutual funds recorded inflows of Rs. 50,167 crore, whereas public sector mutual funds saw outflow of Rs. 1,160 crore in November 2013.
During the financial year 2013-14 so far, mutual funds net mobilised Rs. 76,098 crore as compared to Rs. 1,20,269 crore mobilized in corresponding period of 2012-13. The market value of assets under management stood at Rs. 8,25,840 crore as on December 31, 2013 as compared to Rs. 8,89,952 crore as on November 30, 2013, indicating a decrease of 7.2 percent.


 

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