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  • News From Press Grandfathering of existing unlisted NCDs applicable across MF industry: Sebi

    Grandfathering of existing unlisted NCDs applicable across MF industry: Sebi

    The regulator had allowed mutual funds to invest in unlisted NCDs up to a maximum of 10% of the debt portfolio of a scheme in a phased manner
    Mint Apr 29, 2020

    Markets regulator Sebi on Tuesday clarified that the grandfathering of the existing unlisted non-convertible debentures (NCDs) is applicable across the mutual fund industry and said the mutual funds can transact in such NCDs.

    However, investments in such NCDs will continue to be subject to compliance with investment due diligence and all other applicable investment restrictions, the regulator said in a circular.

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