The Securities and Exchange Board of India (SEBI) increased the additional exposure limits provided for housing finance companies (HFCs) in financial services sector from 5 per cent to 10 per cent. However, sectoral exposure in debt- oriented mutual fund scheme continues to remain at 25 per cent at sector level in the financial services sector, such securities issued by HFCs are rated AA and above and these HFCs are registered with National Housing Bank (NHB) and the total investment/ exposure in HFCs shall not exceed 25 per cent of the net assets of the scheme.
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