Sep 14, 2008

Mutual funds in selling mode

02 Sep 2008 | 18:28




Mutual funds in selling mode


Mutual
funds sold shares worth a net Rs 80.70 crore on Monday, 1 September
2008, compared to net purchases worth Rs 398.40 crore on Friday, 29
August 2008.

Mutual funds? net outflow of Rs 80.70 crore on 1
September 2008 was a result of gross purchases Rs 311 crore and gross
sales Rs 391.70 crore. The market ended with small losses on Monday, 1
September 2008, staging a smart comeback from an intra-day fall. BSE
Sensex lost 66.02 points or 0.45% at 14,498.51, recovering from an
intra-day fall of 283.43 points.

Equity mutual funds are sitting
on large cash pile and the market may find support once mutual funds
start deploying the idle cash. Equity funds are having 11% of assets in
cash



Visit site at - http://investorline.co.in/

Newsroom -
http://newsroom.investorline.co.in/

Learning
Center- http://learning.investorline.co.in/

Mutual
funds - http://mutualfunds.investorline.co.in/


Life Insurance - http://insurance.investorline.co.in/

Investor
Journal - http://research.investorline.co.in/

Investor
Forums- http://forums.investorline.co.in/

0 comments: