When it comes to deploying their resources for long-term debt products, the mutual funds bet the most on the government securities or the sovereign, according to an ASSOCHAM analysis.

Making extra bucks in the short term and safety through risk aversion in the long term is the name of the game for the mutual funds operating in the debt space, said the analysis done by ASSOCHAM.

The government securities, which are considered to be the safest bet for Mutual Funds (MFs) for deploying money in assets with a maturity period of one year and above, contribute about 20 percent of the total Asset Under Management (AUM) of the MFs.

However, for securities with a three to six month maturity period, the Non-banking Finance Companies, (NBFCs), bank certificates of deposits and corporate bonds are among the favourite avenues for the MFs. The treasury bills of the government are also a popular choice.

The market for the debt instruments of the private corporate sector is yet to emerge in India, thus making the companies depend more on the term finances from the commercial banks, said the ASSOCHAM spokesman.

The analysis done by ASSOCHAM further stated that Debts are typically products which are sold among those seeking more security and less of growth. In the Indian context, the confidence factor is for the sovereigns for the long term.
ANI

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Lok Nayak Bhawan, Khan Market
Dated 17th August, 2016

To
Shri D.S.Rawat,
Secretary General,
ASSOCHAM Corporate Office,
5, Sardar Patel Marg, Chanakyapuri,
New Delhi-110021.

Subject: Logo Support and Permission for Health Camps for Diabetes Awareness, Prevention and Wellness Program – reg.

Sir,
Please refer to your letter No. AFSCR/Diabetic/01 dated 01.06.2016 and subsequent letter No. AFSCR/Diabetic/02 dated 08.07.2016 on the above mentioned subject. Competent Authoriy has approved to organize Health Camps for Diabetes Awareness, Prevention and Wellness Program alongwith the medical camps at selected Samaj Sadans of Grih Kalyan Kendra (GKK) and Central Government Residents Welfare Associations (CGERWA) in Delhi and NCR.

2. The GKK and CGERWAs will be advised to provide the venues for organising the medical/yoga camps free of cost. The medical/yoga camps will be organized at the selected Samaj Sadans of GKK on Saturdays only depending upon the availability and with the prior approval from Secretary, GKK. The list of the selected GKKs is attached (Annexure-I). The expenditure on account of providing infrastructure viz. tents, furniture, medical equipment, yoga mats etc. will be borne by the ASSOCHAM.

3. The official logo support in the form of use of the National Emblem will be provided by DoPT which the ASSOCHAM may utilize only in the banners for venues of Samaj Sadans of GKK which is under the administration control of DoPT. However, it will not be feasible to provide the official logo support at the venues of CGERWA where DoPT will not be involved directly in organising the camps.
4. The venues for organizing medical camps/yoga camps at the premises of CGERW A may be selected in consultation with the concerned Area Welfare Officer and office bearers of the Associations (list attached-Annexure-II & III).

Encl: as above.

Yours faithfully,

(G.S. Arora)
Chief Welfare Officer (RWA)
Tel: 24624821

http://ccis.nic.in/WriteReadData/CircularPortal/D2/D02adm/assocham.pdf

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