Mutual Funds Continue Sales

Mutual funds continued sales of equities on March 13 But their outflow of Rs 13.48 crore on Tuesday was much lower than March 12, Rs 146 crore. The outflow was still higher at Rs 384 crore on Friday 9 March. Mutual funds net outflow of Rs 13.48 crore on March 13 was a result of gross purchases Rs 334.20 crore and gross sales Rs 347.68 crore. The cumulative outflow in equities by mutual funds for March 2007 thus far has reached Rs 882.76 crore.