• Sebi modifies framework for limited purpose clearing corporation by MFs
  • Debt MFs ' reported duration may rise following Amfi guidelines on AT1 bonds
  • CAMS launches eKYC using OTP based Aadhaar verification for MF investors
  • Sebi fixes cap on MF investment in debt with special features

Markets regulator Sebi on Tuesday tweaked its framework pertaining to contribution of asset management companies (AMCs) for setting up of limited purpose clearing corporation by mutual funds. The regulator had in February issued guidelines wherein AMCs were required to contribute Rs 150 crore as share capital for setting up of limited purpose clearing corporation (LPCC) by mutual funds.

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On 24 March, The Association of Mutual Funds in India (Amfi) issued a circular on the valuation of Additional Tier 1 (AT1) bonds and Tier 2 bonds issued by banks. A key provision of the guidelines is a requirement for funds to consider the Macaulay duration of the AT1 bonds according to a Sebi-mandated glide path.

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Technology driven financial infrastructure and services provider Computer Age Management Services (CAMS) has unveiled an e-KYC facility using an one time password based Aadhaar verification to serve the new mutual fund investors.

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Mutual fund schemes can invest a maximum of 10% of their assets in debt with special features such as perpetual bonds, the market regulator said, with a maximum of 5% in a single issuer.

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Mutual Fund investments are subject to market risks, read all scheme related documents carefully.