RBI Statement Came At Right Time: Mutual Fund Expert
he Reserve Bank of India (RBI) on Monday announced a special liquidity facility worth Rs 50,000 crore for mutual funds in a bid to ease liquidity pressures in the sector as well as lift investors' confidence, days after the US-based Franklin Templeton wound up six of its India funds. "We are trying to make customers feel more confident. The RBI statement came at a right time because it is now when consumers needed a confidence boost," said Nimesh Shah, MD And CEO, ICICI Prudential Mutual Fund.
