Mumbai : Reserve Bank of India  announced Rs. 50,000 crore Special Liquidity Facility for mutual fund after Franklin Templeton wounded up 6 funds last week.

The RBI in its press release stated that the coronavirus lockdown has “heightened volatility in capital markets” and has “imposed liquidity strains on mutual funds ”. However, the RBI added that the stress at this stage is confined only to the high-risk debt mutual fund segment and “the larger industry remains  liquid . The SLF-MF is on-tap and open-ended, and banks can submit their bids to avail funding on any day from Monday to Friday (excluding holidays) . The scheme is available from today till May 11, 2020 or up to utilization of the allocated amount, whichever is earlier "  RBI release read.(Source-HT)