SEBI directs mutual fund houses to increase exposure to G-Secs and treasury bills by 15%
May 19 2020
News Category: Regulatory Updates
According to media reports, SEBI has directed mutual fund houses to reduce their exposure in AA+ equivalent and above rated securities by 15% of fund’s assets and deploy this corpus in G-Secs and treasury bills. The reclassification is applicable in 3 debt fund categories, namely corporate bond fund, credit risk fund and banking & PSU fund categories. The decision is taken in a bid to make the debt fund category safer.