Windfall for liquid MFs

Debt mutual funds (MFs) saw a spurt in investments on Thursday, ahead of the long weekend. According to sources, many large corporates parked their surplus cash into liquid MFs to make some treasury income. “As Friday was a bank holiday, a lot of companies delayed their payment obligations and instead put that money in liquid funds. They will withdraw it on Monday when markets open,” said an industry official, adding that a large Sensex company has invested in liquid funds of four different asset management companies.