 "MF exposure in NBFCs dips 30% in 15 months")
The overall exposure of mutual funds (MFs) to non-banking financial companies (NBFCs) has dipped by 30 per cent since July 2018, the month after which the Infrastructure Leasing & Financial Services (IL&FS) crisis began to surface.
Total MF assets in NBFCs stood at Rs 1.86 trillion in October 2019, a drop of 30 per cent, or Rs 79,000 crore, since July 2018, according to CARE Ratings. The percentage share declined to 12.8 per cent, from 19 per cent, in the same period.
Investments in commercial papers (CPs) of NBFCs are on a consistent decline. The percentage share of
Total MF assets in NBFCs stood at Rs 1.86 trillion in October 2019, a drop of 30 per cent, or Rs 79,000 crore, since July 2018, according to CARE Ratings. The percentage share declined to 12.8 per cent, from 19 per cent, in the same period.
Investments in commercial papers (CPs) of NBFCs are on a consistent decline. The percentage share of
