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Why are mutual fund selling ?

Submitted by shah on October 29, 2009 - 04:23

Submitted by shah on October 29, 2009 - 04:28. #

Mutual funds sold
shares worth almost Rs 361 crore on October 26, on Oct 23rd they sold Rs 308.80 crore worth of stocks. Total sales by Mutual fund stands at 5450 cr in October.

I don't think that's a big number if you really consider the size of the MF industry. Usualluy mutual funds to tend to sell at year end to make sure that they can show good reults on year end books. But again they need to invest that money somehwere else more attractive .

Investors give money to mutual fund so that can invest and not holdign cash.

Really the selling by MF is not huge. Then .. why are markets down ? I think it's lack of buying and commitment at these levels. Market came too high too fast and at these levels more hesitency towards buying to carry it further.

A small investor can still buy good quality stocks on these corrections.

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