Reserve Bank of India has opened special liquidity window of Rs.50,000 crore for mutual funds
Apr 27 2020
News Category: Regulatory Updates
Reserve Bank of India has opened special liquidity window of Rs.50,000 crore for mutual funds. In the wake of recent coronavirus pandemic, mutual fund houses have been facing redemption pressure in debt schemes following closure of six schemes by Franklin Templeton mutual fund. Fund houses can avail this facility till May 11, 2020. Under the SLF-MF, the RBI shall conduct repo operations of 90 days tenor at the fixed repo rate.