Mutual Funds Attract New Investors, Add To Wealth In Pandemic-Ravaged 2020

This post was originally published on this site

“Prompt action from the Reserve Bank of India and SEBI (Securities and Exchange Board of India) helped avert a contagion. Yields have since declined sharply on credit issuers (AA, A-rated securities) as risk appetite has returned on the back of improving economic conditions, easy liquidity, stimulus announcements, fall in risk-free rates and falling term and risk premium,” Kumaresh Ramakrishnan, CIO – fixed income at PGIM India Mutual Fund, said.