Money Market Fund

RBI to introduce new benchmark SORR based on secured money markets

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

Rising issuance of CPs, CDs likely to keep money market rates elevated

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

UTI Money Market Fund is conservative by nature but bold in returns

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

Go for money market funds with a large AUM and low expense ratio

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

RBI conducts two VRRR auctions as money market rates fall below repo rate

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

RBI conducts 4-day VRRR auction as overnight rates fall below repo

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

Ram Temple consecration: Stock and money markets to be shut today

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

Optimise returns on short-term corpus with liquid and overnight funds

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

Call money rates may ease after RBI guv Das urges to lend in overnight mkt

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

Bet on money market funds for a horizon of 6-12 months: Should you invest?

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

Global money market funds attract heavy inflows as US debt ceiling looms

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

Treasury yield curve inverts: What it means and what does it signal?

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

RBI's liquidity infusion largest since April 2019 as surplus cash dries up

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

Invesco to sell 5.51% stake in Zee Entertainment for over Rs 1,300 cr

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

Banks increase interest rates on bulk deposits as liquidity tightens

Loan, deposit growth gap at 10-year high

LIC Mutual Fund eyes collecting Rs 1,000 cr from new money market fund

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

UTI Money Market Fund: Conservative profile, consistent performance

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.

Nippon India Money Market Fund: An outperformer with conservative style

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

MMFs suitable for current environment, to gain on hardening interest rates

Most schemes in this category avoid taking any credit risk

Linking loan rates to external benchmark boosts RBI policy transmission

In response to each policy rate cut by the central bank, the bond market passed on the cuts almost immediately