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Mutual Fund News

Mutual funds have bought stocks worth a net Rs 470.16 crore on 9 August 2017, compared with net inflow of Rs 648.13 crore on 8 August 2017. The net inflow of Rs 470.16 crore on 9 August 2017 was a result of gross purchases of Rs 1830.54 crore and gross sales of Rs 1360.38 crore. On that day, the Sensex dropped 216.35 points or 0.68% to settle at 31,797.84, its lowest closing level since 18 July 2017. Mutual funds bought stocks for the fourth straight day.

Mutual funds have bought shares worth a net Rs 4472.58 crore in August 2017 so far (till 9 August 2017). They purchased shares worth a net Rs 11799.85 crore in July 2017.

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