The Prime Minister’s Office (PMO) has suggested regulatory steps and liquidity to help mutual funds (MFs) that have exposure to stressed companies. These include setting up a Covid-19 Support Fund for closed-ended debt schemes. Such schemes do not permit entry and exit for investors till the end of tenure. The move could throw a lifeline to asset management companies (AMCs) that have been plagued by a liquidity crisis, mostly on the debt side, for the past two years, starting with the Infrastructure Leasing & Financial Services fiasco.
Health, life insurance premiums need a tax cut? GoM to meet on October 19
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