Mutual Funds Sell Shares Worth Rs.11,000 Cr In 2013

New Delhi: Even as overseas investors are pouring money into the capital market, equity mutual funds (MFs) have remained net sellers and have offloaded shares worth nearly Rs.11,000 crore since the beginning of 2013.

The pull out comes after a net outflow of Rs.20,653 crore in the entire 2012.

However, foreign institutional investors (FIIs) continued to bet on the Indian stock market and infused Rs.79,554 crore in the equities so far this year.

As per the latest data compiled by market regulator Sebi (Securities and Exchange Board of India), the net sale of shares by MFs during 2013 so far stood at Rs.10,921 crore.

Individually, MFs pulled out Rs.5,212 crore from the stock market in the month of January, followed by Rs.848 crore in February, Rs.1,614 crore in March, Rs.539 crore in April and Rs.2,708 crore in May so far.

On the contrary, mutual funds took a bullish stance on the debt market in 2013 with a net investment of Rs.2.04 lakh crore this year so far. In 2012, MFs had invested a staggering Rs.4.55 lakh crore in the debt segment.

Since 2000-01, mutual funds have made a cumulative net outflow of Rs.81,663 crore from the equities, while they invested a net amount of Rs.15.4 lakh crore in the debt market during this period.

As of March, there were a total of 1,294 schemes under mutual funds, of which 857 schemes (66 per cent of the overall schemes) were income/debt oriented while 347 schemes (27 per cent of total schemes) were growth/equity related.

Besides, assets under management in the equities segment stood at Rs.1.79 lakh crore at the end of March 31, 2013, while it was Rs.4.9 lakh crore for the debt.

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