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Tuesday, June 23, 2009

Mutual funds continue buying

Purchases worth Rs 120.80 crore on 22 June 2009

Mutual funds (MFs) bought shares worth a net Rs 120.80 crore on Monday, 22 June 2009, much lower than Rs 408 crore on Friday, 19 June 2009.

MFs' net inflow of Rs 120.80 crore on 22 June 2009 was a result of gross purchases Rs 647.60 crore and gross sales Rs 526.80 crore. The BSE Sensex lost 195.67 points or 1.35% to 14,326.22 on that day.

MFs were net sellers of shares worth Rs 588.40 crore in June 2009 (till 22 June 2009). The selling by mutual funds was despite fresh inflows into equity schemes. Net inflows into domestic equity mutual funds rose to Rs 1,930 crore in May 2009, the highest in 14 months, and more than twice the amount in the first four months of 2009, according to data from the Association of Mutual Funds in India.

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