SEBI provides more room for debt mutual fund schemes to invest in housing bonds
Feb 23 2017
News Category: Regulatory Updates
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Securities and Exchange Board of India (SEBI) has decided to raise the exposure limits of mutual funds (MFs) in debt instruments provided for housing finance companies (HFCs) to 15% from 10%. As per SEBI circular, the move is expected to strengthen the affordable housing segment under the government’s Pradhan Mantri Aawas Yojana. However, exposure in debt-oriented MF scheme continues to remain at 25% at the sector level. SEBI also stated that MFs need to ensure that the additional exposure to such securities issued by HFCs are rated AA and above and these HFCs are registered with the National Housing Bank along with the total investment/ exposure in HFCs will not exceed 25% of the net assets of the scheme.

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