News From Press AMFI’s fiat on ‘haircut’ gives MFs new headache

AMFI’s fiat on ‘haircut’ gives MFs new headache

Source: The Hindu BusinessLine May 6, 2019

Mutual fund companies are finding themselves in a tight spot with the Association of Mutual Funds in India (AMFI), the nodal industry body, advising the asset management companies to be proactive in applying “the standard hair-cut matrix on sub-standard investment-grade debt securities without waiting for rating agencies to downgrade them.”

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