The Association of Mutual Funds in India (Amfi) has asked fund houses to include cash components and their respective yields while calculating the portfolio yield to maturity (YTM) of debt schemes.
The Securities and Exchange Board of India (Sebi) had earlier expressed its displeasure at mutual fund houses depicting the portfolio yield of debt schemes by leaving out the yields on cash and cash equivalents, said people in the know. Doing so can jack up yields of debt schemes and can give an incorrect returns picture to investors, according to experts.
