Public Relations

MFs stay away from short-term debt mart

Demand from mutual funds (MFs) continued to fall today as the rates on short-term money market instruments stayed low, dealers said. - Debt MF schemes give positive returns in Oct - Sebi plans fresh round of mutual fund reforms - Three strong offerings - When opportunities don"t present themselves - Sebi may allow MF deals through bourses - Mutual funds" investor base falls in October Rates have fallen by 30-40 basis points this month due to the abundant liquidity in the banking system. Banks too are not keen on raising funds due to surplus liquidity with them. Most dealers are also of the view that the rates could prevail at current levels for sometime due to the ample liquidity in the system. The three-month certificates of deposit (CDs) were today quoted at 3.15-3.45 per cent today, unchanged from Friday.

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