Mutual funds continue selling

Mutual funds (MFs) sold shares worth a net Rs 12.90 crore on Wednesday, 25 May 2011, lower than an outflow of Rs 65.20 crore on Tuesday, 24 May 2011.

The net outflow of Rs 12.90 crore on 25 May 2011 was a result of gross purchases Rs 434 crore and gross sales Rs 446.90 crore. The BSE Sensex had lost 164.73 points or 0.91% to settle at 17,847.24 on that day, its lowest closing level since 21 March 2011

MFs sold shares worth net Rs 301.30 crore in May 2011 (till 25 May 2011). Mutual funds had sold equities worth a net Rs 463.70 crore in April 2011.

Source: http://www.adityabirlamoney.com/news/480212/10/22,24/Mutual-Funds-Reports/Mutual-funds-continue-selling-

--
___________________________________________________________________________________
'I made my money by selling too soon.'

Website: http://indianmutualfund.co.cc/

Blog:http://indianmutualfund.wordpress.com/
___________________________________________________________________________________