<p> IT firm Infosys ramped up its investments in debt mutual funds (MFs) to an all-time high of Rs 7,365 crore. <br /><br /></p>.<p>Its investments in debt MFs increased during the last quarter ended December 31, 2012, even as its total cash chest remained almost unchanged stood at Rs 22,501 crore. <br /><br /> After rising sharply in the July-September 2012 quarter to Rs 4,986 crore, Infosys’ investments in debt-focussed liquid MF schemes rose even further. At over Rs 7,000 crore, Infosys’ current investment level in liquid mutual funds is the highest-ever. The previous record high level for its exposure to liquid MFs was Rs 5,200 crore in December 2009. <br /><br />On the other hand, Infosys’ bank deposits fell from Rs 14,569 crore as on September 30, 2012, to Rs 11,943 crore at the end of December, as per the latest quarterly financial accounts. At the current level, Infosys’ money in bank deposits is at the lowest level since Rs 11,732 crore as in June 2010. <br /><br />The company considers all highly liquid investments with a remaining maturity at the date of purchase of three months or less and that are readily convertible to known amounts of cash to be cash equivalents. </p>
<p> IT firm Infosys ramped up its investments in debt mutual funds (MFs) to an all-time high of Rs 7,365 crore. <br /><br /></p>.<p>Its investments in debt MFs increased during the last quarter ended December 31, 2012, even as its total cash chest remained almost unchanged stood at Rs 22,501 crore. <br /><br /> After rising sharply in the July-September 2012 quarter to Rs 4,986 crore, Infosys’ investments in debt-focussed liquid MF schemes rose even further. At over Rs 7,000 crore, Infosys’ current investment level in liquid mutual funds is the highest-ever. The previous record high level for its exposure to liquid MFs was Rs 5,200 crore in December 2009. <br /><br />On the other hand, Infosys’ bank deposits fell from Rs 14,569 crore as on September 30, 2012, to Rs 11,943 crore at the end of December, as per the latest quarterly financial accounts. At the current level, Infosys’ money in bank deposits is at the lowest level since Rs 11,732 crore as in June 2010. <br /><br />The company considers all highly liquid investments with a remaining maturity at the date of purchase of three months or less and that are readily convertible to known amounts of cash to be cash equivalents. </p>