Review of provision regarding segregation of portfolio due to the COVID - 19 pandemic

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....ual Funds in India (AMFI) Sir / Madam, Subject: Review of provision regarding segregation of portfolio due to the COVID - 19 pandemic. 1. In terms of the SEBI circular No. SEBI/HO/IMD/DF2/CIR/P/2018/160 dated December 28, 2018, segregated portfolio can be created in a Mutual Fund scheme by AMC in case of a credit event, which includes downgrade to below investment grade and subsequent dow....

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.... not consider the same as a default event and/or recognize default. 4. Considering the above and in partial modification to aforementioned circular dated December 28, 2018, the date of proposal for restructuring of debt received by AMCs shall be treated as the trigger date for the purpose of creation of segregated portfolio. 5. Such proposal of restructuring of debt received by AMCs shall be....