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As per media reports, the Securities and Exchange Board of India (SEBI) has directed mutual fund houses to create adequate liquidity buffer for debt schemes. The capital market regulator has also suggested fund houses to be more participative in the voting process of company resolutions instead of refraining from them. The current credit crises adversely impacted several debt funds, resulting in steep decline in their returns. The liquidity buffer, as urged by SEBI, will keep the AMCs better prepared to face any such critical event.