Mutual funds have significantly increased their funding to Non-Banking Financial Companies (NBFCs) according to the latest report.
Friday, 12 July 2024, 12:26
Mutual Funds Boosting NBFCs
The recent report by Mint unveils a significant increase in mutual funds' funding towards Non-Banking Financial Companies (NBFCs).
Debt Fund Surge
The data reveals a surge in total debt funds deployed in NBFCs through commercial paper and corporate debt.
- October 2023: ₹1.6 trillion
- May 2024: ₹2.1 trillion
This growth signifies a considerable elevation in financial backing towards NBFCs.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.