Mutual Fund outflows reach Rs 60,000 cr in June: Media Report
30/07/2014 16:27
Investors pulled out nearly Rs 60,000 crore from various mutual fund schemes in June after putting in a staggering Rs 1.5 lakh crore in the preceding two months, reported PTI. As per the latest data available with the Securities and Exchange Board of India, there was a net outflow of Rs 59,726 crore in June as against a net inflow of Rs 1,46,094 crore in the previous two months. At gross level, MFs mobilised Rs 8.92 lakh crore in June, while there were redemptions worth Rs 9.51 lakh crore as well. This resulted in a net outflow of Rs 59,726 crore. This significant level of funds withdrawal has also led to the decline in the total assets under management of MFs that fell to Rs 9.75 lakh crore as on June 30, from a record Rs 10.11 lakh crore in the previous month. The strong outflow in MF schemes coincided with a gain in BSE's benchmark Sensex by 5 per cent last month. Overall, during the current financial year so far, MF on a net basis have mobilised Rs 86,369 crore as compared to Rs 53,783 crore garnered in the entire 2013-14 fiscal.
30/07/2014 16:27
Investors pulled out nearly Rs 60,000 crore from various mutual fund schemes in June after putting in a staggering Rs 1.5 lakh crore in the preceding two months, reported PTI. As per the latest data available with the Securities and Exchange Board of India, there was a net outflow of Rs 59,726 crore in June as against a net inflow of Rs 1,46,094 crore in the previous two months. At gross level, MFs mobilised Rs 8.92 lakh crore in June, while there were redemptions worth Rs 9.51 lakh crore as well. This resulted in a net outflow of Rs 59,726 crore. This significant level of funds withdrawal has also led to the decline in the total assets under management of MFs that fell to Rs 9.75 lakh crore as on June 30, from a record Rs 10.11 lakh crore in the previous month. The strong outflow in MF schemes coincided with a gain in BSE's benchmark Sensex by 5 per cent last month. Overall, during the current financial year so far, MF on a net basis have mobilised Rs 86,369 crore as compared to Rs 53,783 crore garnered in the entire 2013-14 fiscal.
