Data shows Rs 4,000 crore of borrowing facility already used
Over Rs 25,000 crore ($3.3 billion) worth of investments belonging to 300,000 investors are currently stuck in the six debt schemes wound up by the fund house
The outflows seen in March are a quarterly and annual phenomenon whereby some institutional and corporate investors redeem and re-invest at the start of the new quarter/year, says Sivakumar
This was the sixth successive year of net inflows in equity mutual funds
Existing investors need to scrutinise portfolios carefully, new ones should take expert help
Sebi regulations required fund houses to cap exposure to such papers at 10% of scheme assets
Currently, the PE exposure in credit is limited and constitutes less than a 2 per cent share of the overall credit offered to industry.
Here's a selection of Business Standard Opinion pieces for the day
Liquidity is an issue, but it scores on other parameters
Distributor's association asks regulators to extend direct credit line for industry.
This would be a good time to change the 20-25 rule to 50-5 or 50-10
Mutual Funds say they didn't need to use their liquidity line fully
According to an analysis of the data made public by mutual funds, the CEO salary given by the top 12 fund houses in terms of assets under management increased in the range of 2-132 per cent in 2019-20
The stock market may have turned around, but schemes didn't do remarkably well
On April 27, the RBI had introduced the Rs 50,000-crore liquidity line for the MF industry
Norms have been extended till June 30, 2020
Banks had issued these bonds as additional tier 1 (AT1) bonds to raise capital in the past
Banking & PSU debt fund has seen assets declining from 1,542 crores to Rs 1,134 crore in the same time-frame
Stick to solid banks and shun both credit and duration risk in debt funds
Fund house had extended moratorium to group companies on April-June obligations