Mutual Funds Increases Sale On Bourses

Mutual funds have increased sales on the bourses. Sebi on January 11 released mutual fund investment figures pertaining to two trading sessions on 9 January and 10 January. Mutual funds were net sellers to the tune of Rs 364.58 crore on 9 January and Rs 123.66 crore on 10 January.
It was the third day in a row when mutual funds were net sellers on 10 January. They have been net sellers in 5 out of the 7 trading sessions in 2007 so far. Their cumulative outflow in the first 7 trading days of January 2007 has reached Rs 457 crore. Mutual funds had pumped in a net Rs 1627 crore in December 2006 as fund managers put to use some of the excess cash.