The liquidity crunch in the wake of the IL&FS fiasco has resulted in money flowing into liquid schemes of large mutual funds owned by banks. HDFC Mutual Fund’s liquid scheme got roughly Rs 30,000 crore in October so far, said a top executive. This is about 50-60 per cent of the total flows of around Rs 60,000-70,000 crore into liquid funds during the month, according to unofficial estimates.
Milind Barve, CEO of HDFC Mutual Fund, in a conference call with investors after the Septemb ..
