After RBI Tightens Tap, Liquid funds Lose Rs 45,300 crore in July
MUMBAI: Mutual Funds or liquid funds growth has decreased 21% that is Rs 45, 300 crores, in July end because of the dropped growth of the economy and large-scale redemptions followed by recent liquidity-tightening measures by RBI to bridge the gap between economic growth and Rupee.
For the first time since March 2013, the Indian Mutual Fund industry’s assets under management have fallen down by RS 50, 600 crores, or nearly 6%.
Due to the investments from institutional investors, the redemption figure has been advantaged, but it’s still worse from the profit point of view. With the lack of investors from corporate and banks, there is a definite fund flow to trickle the debt.
Returns from debt mutual funds have been the poor show for nearly four years.
In order to stabilize the value of the rupee against the dollar, RBI has taken preventive measures, which badly impacted the debt market.
The worst-hit was the show of medium- and long-term bond and gilt funds.
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