Mutual funds are increasingly voting in favour of company resolutions and there is a marked decline in their abstentions, reveals the data for FY22.
The proportion of votes in which MFs abstained was 13.2 per cent in FY21, shows an analysis by tracker primemfdatabase.com. This has dropped to 2.4 per cent in FY22, so far. The share of “for votes by these have also surged to 92.4 per cent this financial year, against 83.6 per cent in FY21. The figure for in-favour votes in FY22 is the highest since at least FY15, the earliest year for which data is available.
This story is from the November 16, 2021 edition of Business Standard.
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This story is from the November 16, 2021 edition of Business Standard.
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