Sector exposure limits for mutual fund debt schemes allow increased additional exposure to housing finance companies with conditions. Total sector exposure for debt schemes remains capped at 25% of net assets with an additional 10% permitted for Housing Finance Companies (HFCs) provided such HFC securities are rated AA and above, HFCs are registered with the National Housing Bank, and total investment in HFCs does not exceed 25% of scheme net assets; appropriate disclosures must be made in the Scheme Information Document and Key Information Memorandum.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Sector exposure limits for mutual fund debt schemes allow increased additional exposure to housing finance companies with conditions.
Total sector exposure for debt schemes remains capped at 25% of net assets with an additional 10% permitted for Housing Finance Companies (HFCs) provided such HFC securities are rated AA and above, HFCs are registered with the National Housing Bank, and total investment in HFCs does not exceed 25% of scheme net assets; appropriate disclosures must be made in the Scheme Information Document and Key Information Memorandum.
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