The money raised by non-banking financial companies (NBFCs) from mutual funds (MFs) rose by almost 47 per cent year-on-year (Y-o-Y) to Rs 2.33 trillion in October 2024. Sequentially, the funding support by MF to NBFCs rose by 0.3 per cent over September, according to CARE Ratings.
Mutual Fund (MF) debt exposure to NBFCs, which includes Commercial Papers (CPs) and Corporate Debt, has now remained above the Rs two trillion for more than half a year. Moreover, CPs have remained above the one trillion mark for almost a year, currently amounting to Rs 1.22 trillion.
