REFER & EARN ₹ 500 Voucher
Follow IIFL:
OTHER GROUP COMPANIES
Home » Top News » Taxable govt funds in US rises by $5.65bn: ICI
market

Taxable govt funds in US rises by $5.65bn: ICI

Assets of retail money market funds decreased by $4.72 billion to $917.74 billion in the latest week

January 31, 2014 12:03 IST | India Infoline News Service
Total money market mutual fund assets decreased by $1.82 billion to $2.706 trillion for the week ending Wednesday, January 29, the Investment Company Institute reported on Thursday. Taxable government funds increased by $5.65 billion, taxable non-government funds decreased by $4.71 billion, and tax-exempt funds decreased by $2.76 billion.
Retail: Assets of retail money market funds decreased by $4.72 billion to $917.74 billion. Taxable government money market fund assets in the retail category decreased by $760 million to $197.73 billion, taxable non-government money market fund assets decreased by $2.33 billion to $525.19 billion, and tax-exempt fund assets decreased by $1.63 billion to $194.83 billion.
Institutional: Assets of institutional money market funds increased by $2.90 billion to $1.788 trillion. Among institutional funds, taxable government money market fund assets increased by $6.41 billion to $758.56 billion, taxable non-government money market fund assets decreased by $2.38 billion to $955.51 billion, and tax-exempt fund assets decreased by $1.13 billion to $74.14 billion.
Live Market

OPEN A DEMAT ACCOUNT & Get
 FREE Benefits Worth ₹ 5,000

LIVE NEWS
KNOWLEDGE CENTRE

FEATURED ARTICLE

Markets bullish with Nifty 50 above 17,250
Markets rally on broad-based buying; Nifty 50 around 17,200 led by banking, IT index
Markets remain bearish with Nifty around 17,000-levels

BLOGS

Open Demat Account
  • ₹0

    Per Order for ETF & Mutual Funds Brokerage

  • ₹20

    Per Order for Delivery, Intraday, F&O, Currency & Commodity