Selected debt funds are granted to invest more i government bonds by Sebi
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Welcoming the requests of the mutual fund industry body, Securities and Exchange Board of India (Sebi) has granted particular categories of debt funds to make further investments in government bonds.
Sebi in a letter to Association of Mutual Funds of India (Amfi) said asset management companies (AMCs) can invest additional 15 per cent of the AUM of Corporate Bond Fund, Banking and PSU Fund and Credit Risk Fund in G-Secs and T-bills.
This is optional for asset managers and is valid for next three months only.
