News From Press MF redemptions in dent segment continue despite RBI's liquidity window

MF redemptions in dent segment continue despite RBI's liquidity window

Data shows Rs 4,000 crore of borrowing facility already used

Business Standard Apr 30, 2020

The Reserve Bank of India’s (RBI) move to offer a liquidity window to the mutual fund (MF) industry, to allay concerns over redemptions, doesn’t seem to be helping matters. The industry data shows credit risk funds and a clutch of duration scheme categories have seen asset erosion of over Rs 22,069 crore in three days since Franklin Templeton Mutual Fund’s wind-up move.

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