You are here: Home » Specials » SI » Others
Business Standard

Debt mutual funds hope impact of CRR move to be short-term

As on Oct 31, nearly 70% of MFs' overall assets under management was in debt category, at Rs 10.75 lakh crore

Chandan Kishore Kant  |  Mumbai 

Mutual funds are hoping that the redemption pressure seen after the Reserve Bank of India’s (RBI’s) sudden increase in banks' cash reserve ratio (CRR) won’t last beyond the short term. Debt schemes, particularly liquid and money market, saw huge withdrawals from banks on Monday, after the central bank announced an incremental 100 per cent CRR to suck out excess liquidity. The move caused a spike in yields on government securities, causing big fluctuations in the net asset values (NAVs) of debt schemes. “Redemption pressure has eased. We expect the ...

TO READ THE FULL STORY, SUBSCRIBE NOW AT JUST Rs 149 A MONTH

Key stories on business-standard.com are available to premium subscribers only.

LOGIN

EMAIL / USER NAME
PASSWORD
REMEMBER ME Forgot password?

Not a member yet ? Resister Now

Connect using any below

  • Don't lose the opportunity of saving $26.77 per month
  • Don't lose the opportunity of saving $26.77 per month
Total Amount
Rs. 0.00
To proceed, kindly select a subscription package

WHAT YOU GET

On Business Standard Digital

  • Access your subscription from anywhere. Be it your computer, tablet or smartphone using a browser or the App, Your Choice.
  • Access to exclusive content, features, opinions and comment, hand-picked by our editors, just for you.
  • Pick your 5 favourite companies. Get all the news upates at the end of each day through E-Mail.
  • Pick the industry that you want to track. And get a daily news letter specific to that industry. Cut out the clutter.
  • And stay on top of your investments. Track stock prices in your portfolio
  • Access 18 years of archival data

On Digital

  • Seamless access to WSJ.com with your Business Standard digital account.
  • Experience the best of the Journal's reporting, video and interactive features.
  • Read about the people and events shaping business, finance, technology, politics, technology and culture.
  • Stay informed with newsletters - an easy way to get WSJ content straight to your inbox - making life easier on your busiest days.
  • More business executives read the Journal globally than any other publication.
*Note :
Our Partners are proud to be associated with this initiative and will contribute Rs 100 x 6 months thereafter, standard rate of Rs 149 will be charged.
Offer valid for Indian residents only
Requires you to share personal information like PAN, Date of Birth, and Income.
*Annual saving on WSJ subscription price of US$ 347.88 (12 months @ US$ 28.99 per month)
* 1US$ = 67.50 INR.
*Please note that this offer is not valid if you are/were a registered/existing user on WSJ Digital
RECOMMENDED FOR YOU

Debt mutual funds hope impact of CRR move to be short-term

As on Oct 31, nearly 70% of MFs' overall assets under management was in debt category, at Rs 10.75 lakh crore

As on Oct 31, nearly 70% of MFs' overall assets under management was in debt category, at Rs 10.75 lakh crore Mutual funds are hoping that the redemption pressure seen after the Reserve Bank of India’s (RBI’s) sudden increase in banks' cash reserve ratio (CRR) won’t last beyond the short term. Debt schemes, particularly liquid and money market, saw huge withdrawals from banks on Monday, after the central bank announced an incremental 100 per cent CRR to suck out excess liquidity. The move caused a spike in yields on government securities, causing big fluctuations in the net asset values (NAVs) of debt schemes. “Redemption pressure has eased. We expect the ... image
Business Standard
177 22

Debt mutual funds hope impact of CRR move to be short-term

As on Oct 31, nearly 70% of MFs' overall assets under management was in debt category, at Rs 10.75 lakh crore

Mutual funds are hoping that the redemption pressure seen after the Reserve Bank of India’s (RBI’s) sudden increase in banks' cash reserve ratio (CRR) won’t last beyond the short term. Debt schemes, particularly liquid and money market, saw huge withdrawals from banks on Monday, after the central bank announced an incremental 100 per cent CRR to suck out excess liquidity. The move caused a spike in yields on government securities, causing big fluctuations in the net asset values (NAVs) of debt schemes. “Redemption pressure has eased. We expect the ...

image
Business Standard
177 22