In the wake of the COVID-19 crisis, mutual funds have been given a number of relaxations by regulator Sebi and they have got full flexibility regarding valuation of Pass Through Certificates including in case of moratorium on underlying loans, officials said on Sunday.
PTCs are certificates given to the investors including banks and mutual funds, where repayment comes from a basket or pool of underlying loans, usually loans taken by individuals. PTCs are usually issued by NBFCs, throug ..