Statement from Mr Nilesh Shah, Chairman,
AMFI:
We
welcome RBI’s announcement of INR 50K crore special liquidity facility for
Indian MF sector. It’s a good confidence building measure taken by RBI, to
ensure continued confidence of the investors on the MF industry as also normal
functioning of the markets.
The
MF Industry continues to be on sound footing both on portfolio quality as also
on the Liquidity front despite an isolated incident in these challenging times.
Barring
four fund houses who have collectively taken loan of INR 4,427.68 crores, as on
April 23, 2020, which is a small percentage of the RBI announcement and also
overall MF Industry AUMs, none of the other 40 Mutual Fund houses have any
borrowings, thereby indicating sound liquidity.
 |
| Mr Nilesh Shah, Chairman, AMFI |
We
appreciate and understand concerns expressed by Investors and Our Partners
since Thursday, April 23, 2020.
We
are thankful to RBI and SEBI who have worked over the weekend to announce these
confidence building measures.
We
look forward to the continued confidence of the investors in Mutual Funds. We
sincerely request them to take informed decision, in consultation with their
financial advisors.
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