Mutual Funds Sell Shares Worth 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 11,000 crore since the beginning of 2013.

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

However, foreign institutional investors (FIIs) continued to bet on the Indian stock market and infused 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 10,921 crore.

Individually, MFs pulled out 5,212 crore from the stock market in the month of January, followed by 848 crore in February, 1,614 crore in March, 539 crore in April and 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 2.04 lakh crore this year so far. In 2012, MFs had invested a staggering 4.55 lakh crore in the debt segment.

Since 2000-01, mutual funds have made a cumulative net outflow of 81,663 crore from the equities, while they invested a net amount of 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 1.79 lakh crore at the end of March 31, 2013, while it was 4.9 lakh crore for the debt.

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Source: PTI