Mutual funds (MFs) bought shares worth a net Rs 204.70 crore on 9 July 2008 compared to their buying of Rs 181.70 crore on Tuesday, 8 July 2008. MFs' net inflow of Rs 204.70 crore on Wednesday 9 July 2008 was a result of gross purchases Rs 713.50 crore and gross sales Rs 508.80 crore. Sensex surged 614.61 points or 4.6% at 13,964.26 on that day. MFs were net buyers of shares worth Rs 712.40 crore in this month, till 9 July 2008.
Showing posts with label Mfs. Show all posts
Showing posts with label Mfs. Show all posts
Friday, July 11, 2008
Thursday, July 10, 2008
Mutual Funds Step Up Buying - July 10, 2008
Mutual funds (MFs) bought shares worth a net Rs 227 crore on 8 July 2008 compared to their buying of Rs 44.20 crore on Monday, 7 July 2008. MFs' net inflow of Rs 227 crore on Tuesday 8 July 2008 was a result of gross purchases Rs 600.30 crore and gross sales Rs 373.30 crore. Sensex lost 176.34 points or 1.3% at 13,349.65 on that day. MFs were net buyers of shares worth Rs 553 crore in this month, till 8 July 2008.
Saturday, July 5, 2008
Mutual Funds Continue Buying - July 5, 2008
Mutual funds (MFs) bought shares worth a net Rs 241.50 crore on Thursday 3 July 2008 compared to their buying of Rs 299.50 crore on Wednesday, 2 July 2008. MFs' net inflow of Rs 241.50 crore on Thursday 3 July 2008 was a result of gross purchases Rs 873.10 crore and gross sales Rs 631.60 crore. Sensex slumped 570.51 points or 4.18% at 13,094.11 on that day. MFs were net buyers of shares worth Rs 347.50 crore in this month, till 3 July 2008.
Wednesday, June 11, 2008
Mfs Maintaining A Cash Level Of 10-12% - June 11, 2008
Mumbai: Mutual fund companies are maintaining a cash level of 10-12 per cent on an average. Many of them are booking profits, too, after having deployed cash in the initial few months.
Although redemption pressures are nearly absent, the pipeline of liquidity in the form of NFOs has dried down. Fund houses are not seeing any fresh inflows and, hence, are curbing the buying support to the equity markets. On the other hand, insurance companies have remained net buyers in the market on account of huge collections from Ulip schemes. According to data from Value Research, Birla Sunlife and Tata Mutual Fund are held as much as 14 per cent and 20 per cent in cash, respectively, as of May 31. For UTI mutual fund and SBI mutual fund, cash levels stood at 14.56 per cent and 12.81 per cent. Reliance mutual fund maintained the highest cash level at 25.53 per cent
Although redemption pressures are nearly absent, the pipeline of liquidity in the form of NFOs has dried down. Fund houses are not seeing any fresh inflows and, hence, are curbing the buying support to the equity markets. On the other hand, insurance companies have remained net buyers in the market on account of huge collections from Ulip schemes. According to data from Value Research, Birla Sunlife and Tata Mutual Fund are held as much as 14 per cent and 20 per cent in cash, respectively, as of May 31. For UTI mutual fund and SBI mutual fund, cash levels stood at 14.56 per cent and 12.81 per cent. Reliance mutual fund maintained the highest cash level at 25.53 per cent
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