Mutual Fund Schemes See Net Outflow of Rs 60,000 in June

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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.

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.

In May, investors had pumped in Rs 33,661 crore in various mutual fund (MF) schemes, while in April they had put in Rs 1.12 lakh crore in several such products.

At gross level, mutual funds 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.

Overall, during the current financial year so far, mutual funds on a net basis have mobilised Rs 86,369 crore as compared to Rs 53,783 crore garnered in the entire 2013-14 fiscal.

NDTV

Thanking you

Regards,

Rajesh Kumar Kathpalia ¤ SMC Global
17,Netaji Subhash Marg,Daryaganj,
New Delhi-110002 Mobile No 9891645052
Email Id: rajesh.ipo@smcindiaonline.com


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