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Should MFs call for Direct RBI Support?*
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May 21st 2020, Parthapratim Pal
and Partha Ray
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The
RBI, in deciding its rescue package needs to distinguish
between liquidity risk and solvency risk. Rescuing mutual
funds which, despite SEBI guidelines, chose to invest
in high-risk debt securities may encourage such errant
behaviour.
*
This article was originally published in the
Business
Line on May 18, 2020. |
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