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INDIA BUSINESS WORLD - November 16th December 31st 2008
MUTUAL FUNDS SEE RS 14,000-CR INFLOWS IN NOVEMBER
After three months, mutual funds saw about Rs 14,000 crore inflow in November. At the end of November, investors made a net purchase of funds worth Rs 13,790 crore, with the maximum investment taking place in the money market plans, according to data compiled in the monthly report by the Association of Mutual Funds of India. After withdrawing Rs 92,457 crore in the past three months, investors in November showed confidence in money markets, ELSS-Equity and balanced funds. While inflows into the three categories of funds totalled about Rs 15,301 crore, investors pulled out Rs 1,511 crore from the remaining categories.
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