Here's a selection of Business Standard Opinion pieces for the day
Liquidity is an issue, but it scores on other parameters
Distributor's association asks regulators to extend direct credit line for industry.
This would be a good time to change the 20-25 rule to 50-5 or 50-10
Mutual Funds say they didn't need to use their liquidity line fully
According to an analysis of the data made public by mutual funds, the CEO salary given by the top 12 fund houses in terms of assets under management increased in the range of 2-132 per cent in 2019-20
The stock market may have turned around, but schemes didn't do remarkably well
On April 27, the RBI had introduced the Rs 50,000-crore liquidity line for the MF industry
Norms have been extended till June 30, 2020
Banks had issued these bonds as additional tier 1 (AT1) bonds to raise capital in the past
Banking & PSU debt fund has seen assets declining from 1,542 crores to Rs 1,134 crore in the same time-frame
Stick to solid banks and shun both credit and duration risk in debt funds
Fund house had extended moratorium to group companies on April-June obligations
Investors exposed to dynamic accrual fund can see shorter timeframe, as 45% of the assets are maturing within two years
The move comes after the Sebi, Association of Mutual Funds (Amfi), and IDBI trustee moved a Division Bench of the court, challenging the interim order granting protection to Indiabulls.
The size of the SLF-MF appears broadly commensurate with the scale of the funds most at risk, Fitch notes
The overall sectoral exposure to NBFCs, including housing finance companies, fell to 19% in March 2020
Sebi extended the timelines for reducing exposure to unlisted NCDs in phased manner to September 30, 2020, and December 31, 2020
Troubles with India's illiquid debt market have plagued Franklin Templeton since inception
Closed schemes had large exposure to some bond issuers