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Foreign assets of Indian mutual funds jump to USD 2.9 bn at March-end: RBI
Foreign assets of Indian mutual funds jump to USD 2.9 bn at March-end: RBI
Source: PTI/ET Sep 17, 2021
Foreign assets of the mutual fund companies jumped several folds to USD 2.9 billion or Rs 20,982 crore as of the end of March 2021, on account of a rise in the value of equity. According to a Survey of Foreign Liabilities and Assets of the Mutual Fund Companies, the UAE, the UK, USA and Singapore together accounted for nearly 45 per cent of the total MF units held by non-residents, both at face value as well as market value, the RBI said in a statement.
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