AMCs are stepping up to protect its employees from the coronavirus outbreak. AMC offices are regularly sterilized and employees have been given guidelines on how to avoid the epidemic.
As per media reports, Coronavirus has so far infected more than 1.2 lakh people worldwide and claimed the lives of over 4,300 surpassing the toll from the SARS outbreak of 2002-2003. The World Health Organisation (WHO) has officially declared it a pandemic.
IDFC Asset Management has put in place a precautionary framework where the company has asked employees returning from international destinations, especially where the outbreak is prominent, to observe a-15-day quarantine. The company has also asked these employees to get tested and check if they are infected with coronavirus.
On the other hand, Franklin Templeton MF has temporarily suspended business travel to China (all provinces), Hong Kong, Singapore, Italy, Iran, South Korea and Japan. The company said that its business offices remain open during regular business hours with flexibility for staff to work remotely.
Sharing precautionary measures that Sundaram MF is taking, Sunil Subramaniam, MD said that the fund house has cut down on travel plans and has put a hold on group meetings. “At Sundaram MF most of the internal meetings are now done through video conferencing,” Sunil added.
D.P. Singh, ED and CMO, SBI MF said, “we are taking necessary precautions like keeping employees informed and urging them to use sanitizers and masks. We are trying to communicate more through electronic mediums such as video or tele conferencing,” he added.
The number of patients suffering from coronavirus infection in India has now touched 73.
