RBI's liquidity support for MFs may struggle to be effective; Fitch says success will depend on banks' appetite to take up risks
• 5 years agoThe Reserve Bank of India's liquidity support for mutual funds may struggle to be effective, as its success will hang on banks' appetite to take up the risks involved, amid low capital headroom and a likely increase in fresh non-performing loans, according to Fitch
Breather for MFs: SEBI eases compliance norms for investment in unlisted NCDs; move aimed at increasing transparency
• 5 years agoMutual funds were required to comply with the highest investment limit of 15 percent and 10 percent in unlisted NCDs by 31 March and 30 June, respectively
Stock Market Latest Updates: Sensex soars 371 points, Nifty close to 9,400; ADB approves $1.5-bn loan to India to fight COVID-19
Fp Staff • 5 years agoStock market today LIVE Updates: Nifty below 9,300-level; Narendra Modi asks states to woo firms exiting China
RBI MF liquidity window to improve investor confidence, calm down corporate debt market: Experts
• 5 years agoExperts on Monday termed the RBI's move to open a special liquidity facility of Rs 50,000 crore for the mutual fund sector as "brilliant", saying it will improve investor confidence and reduce stress in the corporate debt market
P Chidambaram welcomes RBI's Rs 50,000-cr special liquidity facility for mutual funds
• 5 years agoFormer Finance Minister P Chidambaram on Monday lauded the RBI's prompt action in announcing a Rs 50,000 crore special liquidity facility for mutual funds
Franklin Templeton impact: RBI announces Rs 50,000 cr special liquidity facility for mutual funds
Fp Staff • 5 years agoThe RBI said heightened volatility in capital markets in reaction to COVID-19 has imposed liquidity strains on mutual funds
AMCs, financial stocks jump up to 13% after RBI announces a Rs 50,000-cr special liquidity facility for MFs
• 5 years agoShares of asset management companies (AMCs) and other financial sector related firms zoomed as much as 13 percent on Monday after the Reserve Bank of India announced a Rs 50,000 crore special liquidity facility for mutual funds
Franklin Templeton MF shuts six schemes: 'Do not get side-tracked by isolated event, focus on investment goals', says AMFI to investors
• 5 years agoThe statement by the industry body came after Franklin Templeton Mutual Fund voluntarily decided to wind up its six debt schemes citing redemption pressure and lack of liquidity in bond markets due to coronavirus pandemic.
MFs garner over Rs 1 lakh cr in FY20 with big bets on SIPs amid broader market witnessed extreme volatility
• 5 years agoInvestors are preferring SIP option for investing in mutual funds, as the industry garnered over Rs 1 lakh crore through this route in 2019-20, up 8 percent from the preceding fiscal, even as the broader market witnessed extreme volatility amid concerns over the impact of coronavirus pandemic
Budget proposals on DDT, personal tax not to impact MF industry: Franklin Templeton Mutual Fund
• 5 years agoThe proposed changes in Dividend Distribution Tax (DDT) and the new income tax system announced in the budget will not have any adverse impact on the mutual fund industry that showed resilience and maintained robust growth amid economic headwinds, a senior mutual fund official said