News From Press AMCs' contribution to backstop fund for debt mutual funds tops target

AMCs' contribution to backstop fund for debt mutual funds tops target

Source: BS Nov 22, 2023

The contribution from asset management companies (AMCs) has surpassed the Rs 3,000 crore target for the creation of a Rs 33,000 crore backstop facility for debt mutual funds (MFs). The initial corpus for the Corporate Debt Market Development Fund (CDMDF) is nearly Rs 3,100 crore, according to multiple government officials and AMC executives.

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