MFs assets falls over 6% to Rs. 7.61 trillion in July

India Infoline News Service | Mumbai |

Assets of liquid mutual funds due to huge redemption following the recent liquidity-tightening measures taken by RBI

Assets under management (AUM) of liquid mutual funds declined 21% or Rs. 453 billion to Rs 1.29 trillion in the month of July due to huge redemption following the recent liquidity-tightening measures taken by the RBI (Reserve Bank of India) to strengthen the depreciating rupee.

The Indian mutual fund industry's AUM also fell by over 6% or Rs. 506 billion to Rs. 7.61 trillion in the month of July, according to the monthly data released by the Association of Mutual Funds in India (AMFI).

Liquid funds are short-term funds which invest in risk-free short-term market instruments like treasury bills, commercial papers (CP), certificates of deposits (CD) and call money.

 

Advertisements

  • Save upto Rs.2.67 lakh with Pradhan Mantri Awas Yojana ...Know more
  • Now Save Rs.3150 on your Demat Account ...Click here
  • Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.