The crisis in the mutual fund industry seems to have eased. CNBC-TV18 has learnt that the Sebi Chairman assessed their liquidity situation last evening.
According to sources at the Securities and Exchange Board of India, or Sebi, liquidity concerns of MFs have eased. The net inflows have been across equity and debt in November so far. Sebi Chairman CB Bhave has assessed the situation with leading Mutual Funds on Monday evening.
Some MFs have transferred real estate assets to Asset Management Companies (AMCs) reducing risk to schemes. MFs are confident of selling assets in case of redemptions.
The UTI Chairman, UK Sinha has said that the crisis is over and there is no panic anymore. There are stronger inflows in November.
AP Kurian, Chairman AMFI has said that the MFs have repaid Rs 16,000 crore of Rs 22,000 crore borrowed from special window. The inflows are strong in liquid and liquid-plus schemes in November.
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