The board of the markets and mutual funds regulator has decided to regularise the practice of ‘side-pocketing’ in some kinds of fixed-income funds. Of course, instead of using this vivid and picturesque term, they have called it ‘segregated portfolios’ but it’s very much the same concept.
Here’s what Sebi board said: The Board noted the proposal to allow Mutual Funds to create Segregated Portfolios with respect to debt and money market instruments subject to various safeguards. This fac ..
