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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