RBI Announces Special Liquidity Facility for Mutual Funds
- On 25th April, 2020, the Reserve Bank of India (RBI) on announced a special liquidity facility of Rs 50,000 crore to ease the liquidity strain on mutual funds, which had intensified due to redemption pressures sparked by the closure of some debt schemes.
Need for Special Liquidity Facility
- The trigger for the liquidity window was Franklin Templeton Mutual Fund’s decision to wind up six debt funds that had a combined assets under management (AUM).
- The fund house decided to wind up the schemes to preserve the value at prevailing levels — their value had eroded because of redemption pressures and mark-to-market ....
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