The Securities and Exchange Board of India (Sebi) on Thursday introduced more checks and balances for debt mutual funds (MFs) to secure investors and stem systemic risks.
The regulator, among other things, has increased security cover for loans against shares, brought down sectoral investment limits, and mandated certain schemes to have a fifth of their exposure in government securities (g-sec).
Defaults or payment deferments by high-profile corporate groups including Zee and DHFL have plagued the Rs 25-trillion MF industry.
Please click on the following link to read full report: Sebi tightens norms for MFs, pledged shares to boost investor confidence
Source Business Standard