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SEBI sets limit in MF Investment in Debt with Special Features, Perpetual Bonds

The Securities and Exchange Board of India, in a circular, set a limit of 10% of AUM on mutual fund investment in debt with special features such as debt that converts to equity. This includes Additional Tier 1 (AT 1) and Additional Tier (AT2) bonds, the regulator specified. Investment in a single issuer of such debt cannot exceed 5% of assets.

Source: Indian Express

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