Monday, February 15, 2016

Sebi tightens debt investing norms for mutual funds

The maximum a debt scheme can invest in the securities of a company has been reduced from 15 per cent to 10 per cent of the corpus. Single sector exposure for a scheme has been reduced from 30 per cent to 25 per cent.The exposure to housing finance companies within the finance sector has been reduced to five per cent from the earlier 10 per cent.Assets under management of debt mutual fund schemes are nearly Rs 8 lakh crore.

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