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of <h1>SEBI Sets Credit Risk-Based Limits on Mutual Fund Investments in Debt, Money Market Instruments, Capping Single Issuer Exposure.</h1> The circular issued by the Securities and Exchange Board of India (SEBI) introduces credit risk-based single issuer limits for mutual fund schemes investing in debt and money market instruments. For actively managed schemes, a mutual fund cannot invest more than 10% of its NAV in AAA-rated, 8% in AA-rated, and 6% in A-rated or below securities from a single issuer. These limits can be extended by 2% with prior approval, adhering to a 12% overall cap. The circular applies to new schemes from the issuance date, while existing schemes are exempt until the maturity of their current investments.
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