The Securities and Exchange Board of India (SEBI) said it has not issued any advisory to mutual funds against rolling over their current exposure to Indiabulls Housing Finance and Dewan Housing Finance. The clarification issued by the capital markets regulator on Friday comes after some media reports stated that SEBI is seeking details from mutual funds amid concerns over liquidity in the system.
Notably, mutual funds have significant exposure to several housing finance firms and NBFCs as a whole, including through debt securities.
