News From Press MFs' net foreign liabilities up 4.9% in FY16 to Rs 58,170 cr: RBI

MFs' net foreign liabilities up 4.9% in FY16 to Rs 58,170 cr: RBI

Source: Business Standard Aug 5, 2016

It’s not only domestic investors but the interest of foreign investors in domestic mutual funds is on the rise.

According to the Reserve Bank of India, the foreign liabilities of MFs increased by Rs 2,310 crore in 2015-16, to Rs 58,170 crore at market value in end-March, a rise of 4.1 per cent. These liabilities of MFs are essentially assets belonging to foreign investors. They are treated as something MFs owe these investors on redemption.

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