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Covid-19 crisis: Sebi relaxes valuation criteria for MF debt securities

By Juno Consultants Pvt. Ltd.

Covid-19 crisis: Sebi relaxes valuation criteria for MF debt securities

04/27/2020 SEBI relaxes valuation norms for mutual funds
The Securities and Exchange Board of India (SEBI) on Thursday relaxed valuation norms on money and debt market instruments held by mutual funds in the wake of the loan moratorium for companies by the Reserve Bank of India on account of the business disruptions caused by the ongoing lockdown.

The capital markets regulator said if valuation agencies are of the view that a delay in interest or principal amount or extension of maturity of a security has arisen solely due to lockdown or in light of the RBI moratorium, which has created temporary operational challenges in servicing debt, they may not consider it as default for valuing debt market securities held by fund houses. Valuations of debt market instruments for mutual funds’ net asset value (NAV) are done by the arms of rating agencies.


Source: https://economictimes.indiatimes.com/wealth/personal-finance-news/sebi-relaxes-valuation-norms-for-mutual-funds/articleshow/75342628.cms

#ValuationsMutualFunds #SEBIMutualFunds


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Juno Consultants Pvt. Ltd.

Juno Consultants Pvt. Ltd.

Juno Consultants was launched in the year 1996 by a group of experienced industry professionals and consultants to deliver corporates and other Commercial and social organizations a suite of assurance products under one single roof.After its inception in 1996, there was no looking back for Juno cons…

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