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Wednesday, June 24, 2009

Mutual funds in buying mode

Purchases worth Rs 81.90 crore on 23 June 2009

Mutual funds (MFs) bought shares worth a net Rs 81.90 crore on Tuesday, 23 June 2009, lower than Rs 120.80 crore on Monday, 22 June 2009.

MFs' net inflow of Rs 81.90 crore on 23 June 2009 was a result of gross purchases Rs 1,032.60 crore and gross sales Rs 950.70 crore. The BSE Sensex fell 2.21 points or 0.02% to 14,324.01 on that day.

MFs were net sellers of shares worth Rs 506.50 crore in June 2009 (till 23 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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