AMFI requested SEBI to let certain debt funds resort to ‘side-pocketing’
Nov 05 2018
News Category: Industry Update
According to media reports, Association of Mutual Funds of India (AMFI) has requested market regulator SEBI to let debt funds with exposure to the debt-distressed infrastructure development and finance company’s bonds to resort to ‘side-pocketing’. Side-pocketing is an accounting practice that protects investors from getting adversely impacted by unexpected exits of large investors in the exposed funds.