According
to Alam, each year, the company had Rs 2 crore freely available for 52
weekends, which could be put into liquid funds on a Friday and withdrawn on the
following Monday -that is, for three days.
"So
the company deployed the cash in liquid funds for about 150 days a year. In
addition to this, there were also holidays during the year when it could deploy
the free cash in liquid funds," says Alam. So, in effect, financial
services companies in delhi the company put its available cash in
liquid funds for about half a year, that included the weekends and the days
around the holidays.
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