News From Press IL&FS effect: Investors shift money to overnight funds, AUM surges 3-fold

IL&FS effect: Investors shift money to overnight funds, AUM surges 3-fold

Source: Business Standard Nov 22, 2018

Overnight funds’ assets under management (AUM) saw a three-fold jump in October as investors turned to the side of caution following the IL&FS group default in September. Experts said overnight funds are seeing such elevated levels of investor interest after a long time.

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