News From Press IL&FS fallout: MFs junk liquid funds, roll out overnight schemes

IL&FS fallout: MFs junk liquid funds, roll out overnight schemes

Source: Moneycontrol Mar 16, 2019

After the default of IL&FS hit liquid schemes, mutual fund houses are turning toward overnight funds that prove to be less risky.

Over the last six months, since the IL&FS crisis surfaced, 16 fund houses have sought the Securities and Exchange Board of India’s approval to launch overnight funds.

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