Infosys, a global leader in consulting and technology and Diamond level member of Oracle PartnerNetwork, has doubled its investments in liquid debt mutual funds to Rs 4,986 crore - the highest in nearly three years. Simultaneously, its bank deposits remained almost stagnant at Rs 14,569 crore as on September 30, 2012, as compared to Rs 15,267 crore at the end of June.
The company’s investments in debt-focused liquid mutual fund schemes rose steeply in the July-September 2012 quarter, from Rs 2,161 crore at the end of previous three-month period. These liquid mutual funds are expected to have given a three-month return of 2-2.5% in the September quarter.
Large corporate uses the liquid MFs to park cash for short-term and also earn good returns, while waiting to deploy the funds for future projects. The company’s current investment level in liquid mutual funds is the highest for the debt-free firm in as many as 11 quarters.
| Company Name | CMP |
|---|---|
| TCS | 2581.65 |
| Infosys | 1318.60 |
| HCL Tech. | 1442.50 |
| Wipro | 204.35 |
| Tech Mahindra | 1511.85 |
| View more.. | |
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