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CASH AND CASH EQUIVALENTS AND SHORT TERM INVESTMENTS (Tables)
 9 Months Ended
Sep. 30, 2014
Summary of Short-term Investments

The following table summarizes short-term investments as at September 30, 2014 and December 31,2013:

 

     2014
September 30		      2013
December 31		  
     (In thousands)  

Investments in mutual funds at fair value

    $ 203,283       $ 149,828   

Term deposits with banks

      367,589         340,349   

Fixed Maturity Plans (FMPs) of mutual funds, at cost

      16,354         —     
  

 

 

     

 

 

  

Total

    $ 587,226       $ 490,177   
  

 

 

     

 

 

  
Investments in Held-to-Maturity Securities

Investments in held-to-maturity securities (“HTM”) of the Company consist of investments in the units of FMPs of mutual funds in Indian subsidiaries.

 

Description    As of
September 30,
2014		      As of
December 31,
2013		  
     (In thousands)  

Aggregate fair value of the investment

    $ 16,710         —     

Less: Gross unrecognized holding gain

      356         —     
  

 

 

     

 

 

  

Net carrying amount

    $ 16,354         —