Money Market Fund

Bank of India Money Market Fund NFO opens today: Investment objective, risk level, minimum application amount, and exit load - here's all you need to know

According to data compiled by Primedatabase, CD issuances in FY25 (up to December 13) have totalled Rs 7.93 trillion

Secured Overnight Rupee Rate (SORR), will be developed with the support of Financial Benchmarks India Limited (FBIL), which has been requested to take the proposal forward

This surge in CD issuances is driven by quarter-end reporting, as funds raised through CDs are included under aggregate deposits, the report highlighted

The fund's month-end assets under management increased to Rs 11,680 crore in March 2024 from Rs 6,800 crore in March 2021

MMFs invest in fixed-income instruments maturing in less than one year, minimising interest-rate risk

The RBI received Rs 20,860 crore bids against the notified amount of Rs 50,000 crore at the first auction

Banks parked Rs 18,750 crore at the auction against a notified amount of Rs 50,000 crore at a weighted average rate of 6.49 per cent

In a circular, the NSE said the currency derivative segment would remain closed on January 22

Yields from these schemes are attractive currently, but could come down if rate cuts happen

The SDF rate is 6.25 per cent, which is lower than the call money rate

For longer periods go for corporate bond funds or banking and PSU funds

U.S. money market funds received $39.89 billion worth of inflows but investors sold European and Asian funds of $15.76 billion and about $30 million, respectively

Yield curve inversion suggests that the market is becoming more pessimistic about the economic prospects for the near future

Lack of repo suggests RBI tolerance of higher money mkt rates: Analysts

This is the second block deal by Invesco in seven months, which offloaded 7.8% stake in Zee Entertainment in April

Loan, deposit growth gap at 10-year high

LIC Mutual Fund is targeting to collect Rs 1,000 crore from its new money market fund launched on Wednesday. The new fund is an open-ended debt scheme that facilitates investing in money market instruments, it said in a statement. Nityanand Prabhu, executive director and business head of LIC MF, told PTI that it has set an internal target of garnering at least Rs 1,000 crore from the scheme during the primary subscription period. The fund, targeted mainly at corporate investors, is open for two days from Wednesday for the subscription. It will reopen on August 3, Rahul Singh, a senior fund manager -- fixed income & a vice-president at LIC Mutual Fund, said. Prabhu said the fund launch comes at an appropriate time as spreads between corporate bonds and the repo rate are retracing towards their mean of 1.07 per cent, making money market funds a favourable option to invest. The fund proposes to invest in money market securities having up to one-year maturity, along with an option to

The month-end assets under management of the fund stood at Rs 7,203 crore as of December 2021, up from Rs 2,573 crore in December 2018.

The fund featured in the top 30 percentile of the money market funds category in CRISIL Mutual Fund Ranking (CMFR) for 10 consecutive quarters ended June 2021