NEW DELHI, Dec 22 (PTI): Domestic mutual funds (MFs) pumped in over Rs
410 billion in the Indian debt market in November, taking their combined
investment to Rs 4.33 trillion in 2013 so far.
Mutual funds invested in debt schemes throughout 2013, barring July. The funds pulled out Rs 237.40 billion from debt market in July after the Reserve Bank of India (RBI) took measures to prevent the rupee from falling against the dollar, which impacted debt market securities.
On the other hand, net outflows by foreign institutional investors were nearly Rs 60 billion from debt market last month, according to latest data available with market regulator Securities and Exchange Board of India (Sebi). This takes the total funds withdrawn by FIIs from debt market to over Rs 560 billion in 2013 so far.
As per Sebi data, domestic mutual funds (MFs) were net buyers in the debt market during November and bought debt schemes to the tune of Rs 416.23 billion.
Mutual funds invested in debt schemes throughout 2013, barring July. The funds pulled out Rs 237.40 billion from debt market in July after the Reserve Bank of India (RBI) took measures to prevent the rupee from falling against the dollar, which impacted debt market securities.
On the other hand, net outflows by foreign institutional investors were nearly Rs 60 billion from debt market last month, according to latest data available with market regulator Securities and Exchange Board of India (Sebi). This takes the total funds withdrawn by FIIs from debt market to over Rs 560 billion in 2013 so far.
As per Sebi data, domestic mutual funds (MFs) were net buyers in the debt market during November and bought debt schemes to the tune of Rs 416.23 billion.
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