Debt mutual funds continued to cut back on debt instruments issued by non-banking financial companies (NBFCs). Debt mutual fund exposure towards the NBFC sector fell by 24.43% year-on-year (y-o-y) in November 2019 to Rs 1.83 lakh crore. Investments by debt funds in NBFC paper were lower by Rs 81,867. 82 crore since July 2018, when the NBFC crisis began.
Nine big financial changes that you must watch out for in October
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