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Sebi tightens norms for MF exposure to riskier bonds

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The Securities and Exchange Board of India (Sebi) on tightened its norms for mutual funds’ exposure to riskier corporate bonds, including capping the investment limit in bonds of a single company at 10%, in a move to safeguard investors’ interest. The single sector exposure limit would be lowered from 30% to 25%, while group-level investment limits of 20-25% have also been introduced for mutual funds (MFs) investing in debt securities.
Hindustan Times, New Delhi, 16th February 2016

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