SEBI announces measures to protect investors in an event of credit default

Fund managers handling debt schemes whose portfolio gets segregated because of a blundered investment call, will have to forgo a portion of their annual bonus, while mutual funds will not be able to charge fees for managing the separated part of the product. These, among a raft of measures on segregation of debt portfolio, were announced by Securities and Exchange Board of India on Friday to protect investors in these products in the event of a credit default that led to erosion of scheme return ..

Click here to read more>>