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Introducing the βIn Favour Ofβ filter in Case Laws.
Try it now in Case Laws β


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<h1>SEBI Updates Guidelines: Segregated Portfolios Allowed for Unrated Debt Only After Default in Mutual Funds.</h1> The Securities and Exchange Board of India (SEBI) has updated its guidelines on the creation of segregated portfolios in mutual fund schemes. This circular permits the creation of segregated portfolios for unrated debt or money market instruments only in cases of actual default on interest or principal payments. Asset Management Companies (AMCs) must promptly inform the Association of Mutual Funds in India (AMFI) of such defaults. The creation of segregated portfolios remains optional and requires provisions in the Scheme Information Document. These provisions are effective immediately to safeguard investor interests and regulate the securities market.