...It is noteworthy that the RBI has hiked interest rates 12 times – 325 basis points on a cumulative basis - since March 2010 According to data sourced from the Association of Mutual Funds in India, for the period September 2010-March 2011, the average monthly contribution of liquid schemes to the total assets under management (AUM) of the industry was about 17 per cent and that of the income schemes was about 48 per cent....
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