Tag: mutual funds

Mutual Funds deployed whopping one lakh crore in T-Bills

Mutual fund exposure to Treasury Bills increased to INR 1.82 lakh Cr in May’20 registering month-on-month increase of more than rupees one lakh crore ( the exposure to T-Bills in April was 0.816 lakh cr). Treasury bills or T-bills are short term debt instruments issued by the Government of India and are presently issued in three tenors, namely, 91 day, 182 day and 364 day. Treasury bills are zero coupon securities and pay no interest. Instead, they are issued at […]

Most Debt Mutual Funds witness good inflows – of course except for credit category !

Asset under Management data as on 29th May’20 (last working day of the month) shows that most of the debt mutual fund schemes witnessed good growth on a month-on-month basis – as illustrated below. Category wise AUM for May’20 : Category NameAUM as on May end (Crs)% Change (m-o-m)Liquid Fund4,95,04522%Short Duration Fund94,8284%Corporate Bond Fund91,6576%Banking and PSU Fund89,37613%Overnight Fund86,6385%Low Duration Fund77,1573%Ultra Short Duration Fund72,4575%Money Market Fund63,95115%Floater Fund32,4313%Credit Risk Fund30,262-16%Medium Duration Fund19,878-8%Dynamic Bond Fund17,0661%Gilt Fund16,28419%Medium to Long Duration Fund9,9203%Long Duration Fund2,31418%Gilt Fund […]

Commercial Paper Market – Analysis

In our earlier article we had discussed the commercial paper product covering features, eligible issuer, investors, benefits and so on. The same can be accessed here. In this article we analyze the commercial paper market in India. Volumes : The monthly average issuance volume for the market over the past two years has been approximately INR 2 lakh crores. The commercial paper market touched a high of INR ~ 3 lakh crore issuances in August 2018 (just a month before […]

Credit Focussed MF’ AUM falls off the cliff

Credit focussed mutual funds’ AUM has been sloping downwards since the beginning of last fiscal – as can be seen below, the same has fallen off the cliff post the recent Franklin Templeton Mutual Fund crisis. Almost 40% of the credit category’s AUM has been redeemed in the initial five weeks of the current fiscal and the total category AUM across the twenty funds has fallen to meagre INR 33,200 Crs as on 6th May as per AMFI Data. Three […]

“Ripple effect” of Franklin upheaval

As it being covered so extensively in all media, the shutdown of six debt schemes by Franklin Templeton can have far reaching implications. The article examines the immediate and mid-term ripple effect of the Franklin upheaval. A) Impact on portfolio companies of credit focused funds : While a lot has been written about the pain fund investors will have post this stress , an aspect which has gone un-noticed is the impact on portfolio companies. Mutual funds normally try to […]

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