MFs sell shares worth Rs 14,000 cr in FY'14

During 2013-14, MFs were net sellers of equities in 10 out of 12 months, while May and August were the only months to record net inflows. MFs had put in Rs 3,508 crore and Rs 1,607 crore in May and August, respectively.

The huge sell-off during the year coincided with a rise of 3,550.50 points or 19 per cent in Sensex.

On the contrary, mutual funds took a bullish stance on the debt market during 2013-14 with a net investment of Rs 5.43 lakh crore.

A mutual fund is an investment vehicle with a pool of funds collected from investors to buy securities such as stocks, bonds, money market instruments and similar assets.

At present, there are about 1,540 schemes under mutual funds, of which 1,090 schemes (71 per cent of the overall schemes) were income or debt oriented, while about 350 schemes (23 per cent of total schemes) were growth or equity related.