June, 2010
MY COMMENTS IN AN ARTICLE IN ET MUMBAI
ONCE AGAIN TIME TO RELOOK AT AXIS SHORT TERM FUND
As expected, 3G money outflow has resulted into a deficit in system liquidity (+42000cr surplus for week ended 21st May to -59990cr deficit for week ended 11th June). As a result, short term rates have reacted upwards – overnight MIBOR at 5.35% (3.80% in May), 3m CD at 6.15% and long rates as follows: AAA [...]