Mutual Funds

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First Mutual Fund Investment in Microfinance in India

PR Newswire - Fri Nov 20, 11:23 am ET

A recent micro-loan securitisation, completed by IFMR Capital and Equitas Micro Finance, has enabled the first ever mutual fund investment into the Indian microfinance sector. The Rs. 480 million transaction is backed by over 55,000 micro-loans originated by Equitas Micro Finance, a Chennai-based microfinance institution with approximately 700,000 low-income clients.

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