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SEBI in talks with industry on mutual funds norms
Friday, December 7, 2018, 3:50 PM
Capital markets regulator SEBI is in talks with industry to deal with fears of contagion effect on mutual funds due to a liquidity crisis faced by the country's NBFC, SEBI Chairman Ajay Tyagi said on December-7. The crunch hit India's shadow banks in September and October after Infrastructure Leasing and Financial Services(IL&FS) defaulted on a series of debt obligations spreading panic among other NBFCs.
RBI to inject Rs 8,000 crore liquidity on Nov 22
Tuesday, November 20, 2018, 10:22 AM
After an over nine-hour-long board meeting in Mumbai on Monday, the Reserve Bank of India (RBI) agreed to inject Rs 8,000 crore into the market by purchasing government bonds by November 22. RBI will buy these securities through multi-security auction using multiple price method. An increased cash flow was among the issues behind an alleged rift between the Centre and RBI.
Mutual Funds SIP flow climbs 42% to Rs7,985 crore in October
Tuesday, November 13, 2018, 5:55 PM
Mutual funds received around Rs 7,900 crore of assets through systematic investment plans (SIP) in October, 42 percent higher than last year. SIP inflows stood at Rs 7,727 crore in the preceding month. The upward trend came despite sustained selling pressure in domestic equity markets during September and October. The BSE Sensex fell 6.44 percent in September and 5 percent in October.
