NFO News Analysis | Mutual funds avoid side-pocketing despite SEBI’s approval

Analysis | Mutual funds avoid side-pocketing despite SEBI’s approval

Source: Moneycontrol Jun 10, 2019

Prolonged problems in financial world need financial innovations before they turn into a systemic risk or a market level contagion. This might have been the thought process in the policy-making process of Securities and Exchange Board of India (SEBI) when it brought out the side-pocketing option in December 2018 in mutual funds for distressed assets.

Debt-laden companies such as Infrastructure Leasing and Financial Services (IL&FS), Essel group and Dewan Housing Finance (DHFL) have delayed payments to their investors, consisting largely of mutual funds.

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