Mutual funds (MFs) bought shares worth a net Rs 691.60 crore on Thursday, 25 June 2009, much higher than Rs 389.30 crore on Wednesday, 24 June 2009.

MFs' net inflow of Rs 691.60 crore on 25 June 2009 was a result of gross purchases Rs 1,955.30 crore and gross sales Rs 1,263.70 crore. The BSE Sensex lost 77.11 points or 0.53% to 14,345.62 on that day.

MFs were net buyers of shares worth Rs 574.40 crore in June 2009 (till 25 June 2009).

Mutual funds are deploying fresh investor funds in the market. The recently concluded new fund offer of Reliance Infrastructure Fund received a strong investor response, with estimated collections of Rs 2500-Rs 3000 crore. As the name suggest, the fund is focussed on the infrastructure sector.

Net inflows into domestic equity mutual funds rose to Rs 1,930 crore in May 2009, the highest in 14 months, and more than twice the amount in the first four months of 2009, according to data from the Association of Mutual Funds in India.

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