https://www.taxtmi.com/circulars?id=64724 Limits are prescribed for mutual fund investments in debt instruments with special features such as loss-absorbing subordination or conversion triggers; excess holdings as of the circular date are grandfathered but no fresh investments are permitted until within limits. Schemes must provide for creation of segregated portfolios and may transfer affected instruments on a trigger event, with valuation reflecting issuer stress from the trigger date. Perpetual bonds shall be valued with a notional maturity of one hundred years and close-ended debt schemes are barred from investing in perpetual bonds. en-us Wed, 10 Mar 2021 00:00:00 +0530 Wed, 10 Mar 2021 18:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=64724 Limits are prescribed for mutual fund investments in debt instruments with special features such as loss-absorbing subordination or conversion triggers; excess holdings as of the circular date are grandfathered but no fresh investments are permitted until within limits. Schemes must provide for creation of segregated portfolios and may transfer affected instruments on a trigger event, with valuation reflecting issuer stress from the trigger date. Perpetual bonds shall be valued with a notional maturity of one hundred years and close-ended debt schemes are barred from investing in perpetual bonds. Circulars SEBI Wed, 10 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/circulars?id=64724