Latest Financial News-In March, investors withdrew 2.13 lack crore from mutual funds.
Financial updates- Special cash facility for mutual funds companies.
⇛The Reserve Bank has Announced a Special Cash Facility (Loan Assistance) of Rs 50000 crore for Mutual fund Companies, which are facing cash problems amid the Corona crisis.
⇛Under this, the bank can provide loans to mutual funds by borrowing at the Repo rate from RBI. According to the present financial news updates, The capital market's performance has been poor due to the Corona crisis.
⇛Nirakar Pradhan, Director of Asia's region of the International Association of Professional Risk Managers, said that the RBI's move will improve Sentiments in the Financial Market regarding Mutual funds, furthermore help in Investor confidence.
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