Infosys slashes debt MF exposure by USD 1 bn

April 15, 2013 14:08

Cash-rich IT giant Infosys slashed its exposure to liquid mutual funds by a whopping Rs 5,600 crore (over USD one billion) during the first quarter of 2013, as yields on such investments are expected to flatten. Country's second largest IT services exporter, which had ramped up its investments in debt mutual funds to an all-time high of Rs 7,365 crore at the end of 2012, reduced exposure to Rs 1,739 crore during January-March quarter of 2013.

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