Retail asset financiers benefit from mutual funds’ flight to safety
The divergence that occurred with the flight to safety/quality by mutual funds is more or less reflected in the share prices of companies in these different segments
Mutual funds have contributed about two-fifths of incremental funding to non-banking financial companies (NBFCs) and housing finance companies (HFCs) in the past couple of years. The liquidity crisis after the Infrastructure Leasing and Financial Services (IL&FS) default has changed the dynamics of this funding considerably.
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