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Home INTERNATIONAL Liquidity window for mutual resources induced confidence in technique: SEBI

Liquidity window for mutual resources induced confidence in technique: SEBI

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A joint go by SEBI and RBI for liquidity window to the mutual funds has served induce assurance in the procedure, however not much demand for the scheme was viewed, the capital market regulator mentioned on Saturday.&#13
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In check out of the doable redemption strain that the mutual fund marketplace may face just after the abrupt winding up of 6 financial debt techniques of Franklin Templeton Mutual Fund, the central bank announced a particular liquidity window of Rs 50,000 crore for mutual money in April conclude.&#13
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“The move by SEBI & RBI jointly to prolong a liquidity window to mutual money helped create self esteem in the procedure, although not a lot use was manufactured of the window,” an Indian Chamber of Commerce assertion quoted SEBI entire-time director G Mahalingam as stating.&#13
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No even more information on this was shared.&#13
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Mutual Resources require to be torchbearers of religion for the retail investor, he stated.&#13
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Underneath the unique liquidity plan, the RBI will conduct repo (repurchase agreement) operations of 90-working day tenor at a set repo rate of 4.40 for each cent for banking institutions.&#13
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In accordance to the RBI, banking institutions can avail money beneath this facility completely for meeting the liquidity prerequisites of “mutual fund” properties by extending financial loans and enterprise outright obtain of and/or repos from the collateral of investment grade corporate bonds, business papers (CPs), debentures and certificates of deposit (CDs) held by the fund properties.&#13

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