NewsClues | Read the latest business economy and financial news in short. Business and financial news aggregator with news summary.
Swipe through the latest business and wealth clues with our android app
Clues by NC Team • 10 Jul 2019, Wednesday

The mutual fund industry witnessed the highest outflows of Rs 1.5 lakh crore among income and debt schemes in the month of June while credit risk funds registered outflows worth Rs 2,694 crore. Generally, companies withdraw investments from liquid funds to pay quarterly advance tax. On the equity front, all equity funds witnessed net inflows of Rs 7,663 crore in the month of June. The overall average AUM for June 2019 stood higher at Rs 25.81 lakh crores.

Read More at Moneycontrol
Clues by NC Team • 1 Jul 2019, Monday

Mutual funds may lose their attractiveness as a preferred source of capital for corporates and NBFCs as SEBI announced new rules aimed at protecting investors in liquid and debt funds from credit risks. Starting September 2020, fund houses will be allowed to invest only in listed non-convertible debentures (NCDs) and commercial papers (CPs). SEBI has decided to increase the minimum security cover ratio of credit enhanced securities or structured obligations that also include loan against shares (LAS) to four times from prevalent industry standards of 2:1.

Read More at Livemint

©2019 TheNewsClues