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Sebi hikes debt MF´s investment ceiling in HFC

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The Securities and Exchange Board of India (Sebi) on Wednesday increased the investment ceiling of debt mutual funds in housing finance companies (HFCs). "In light of the role of HFCs, especially in affordable housing, and to further the government´s goal under Pradhan Mantri Aawas Yojana (PMAY), it has now been decided to increase additional exposure limits provided for HFCs in the financial services sector from 10 per cent to 15 per cent," said the regulator inacircular.
Under the current guidelines, the sectoral exposure for debt mutual fund schemes is 25 per cent.
However, for the financial sector, an additional exposure of up to 10 per cent was allowed only to HFCs. This additional exposure has been increased by five percentage points.
Business Standard New Delhi,23rfd February 2017

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