Mutual funds’ investment in bank certificates of deposits dipped sharply by 67 per cent last month to ₹53,000 crore against ₹1.59 lakh crore in same period last year, largely due to fall in interest rate on this debt instrument. In fact, the overall mutual funds’ debt schemes’ investment in bank certificates of deposit has fallen to 3.2 per cent in February from 10.4 per cent logged in the same period last month, according to Care Rating research report.
Insurers receptive to covering chronic ailments, declare PEDs honestly
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