Mutual funds continue buying

Mutual funds (MFs) bought shares worth a net Rs 44.60 crore on Thursday, 16 June 2011, compared with an inflow 2.10 crore on Wednesday, 15 June 2011.

The net inflow of Rs 44.60 crore on 16 June 2011 was a result of gross purchases Rs 596 crore and gross sales Rs 551.40 crore. The BSE Sensex had fallen 146.36 points or 0.81% to 17,985.88 on that day.

Mutual funds have sold shares worth a net Rs 14.60 crore this month so far (till 16 June 2011). They had bought stocks worth a net Rs 434.70 crore last month.

Source: http://www.adityabirlamoney.com/news/485760/10/22,24/Mutual-Funds-Reports/Mutual-funds-continue-buying

Canara Robeco MF announces change in the constitution of the board of trustees

Canara Robeco Mutual Fund has announced the change in the constitution of the board of trustees of Canara Robeco Mutual Fund. With effect from 15 June 2011, Mr G. Anantharaman has been appointed as an independent trustee on the board of trustees of Canara Robeco Mutual Fund.

Mr. Anantharaman, I.R.S. (Retd.) has worked in various senior capacities in the revenue service (income tax) of the government of India since 1968 before retiring as chief commissioner of income-tax-Mumbai in June 2004. Mr. Anantharaman has handled several tax fraud cases and, matters relating to tax administration. He was also one of those who were instrumental in developing the anti-money laundering draft provisions in the Indian context from 1995 to 1996. Post retirement, he acted as a whole time member of capital market regulator, SEBI, as in-charge of surveillance, investigations and market regulations till 2008. He has also acted as director (vigilance) for HPCL.

Source: http://www.adityabirlamoney.com/news/485700/10/22,24/Mutual-Funds-Reports/Canara-Robeco-MF-announces-change-in-the-constitution-of-the-board-of-trustees